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why should a debit be on the left hand side of an account?

2006-12-20 03:57:54 · 1 answers · asked by nagasai g 1 in Business & Finance ➔ Personal Finance

1 answers

It is one of simplest rules of accounting.

Debit = Left Side
Credit = Right Side

They really don't mean much more than that.

2006-12-20 04:08:20 · answer #1 · answered by Wayne Z 7 · 0⤊ 0⤋

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