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2007-07-26 02:14:11 · 2 answers · asked by thatniceguy 3 in Business & Finance Other - Business & Finance

2 answers

Those are the accounting rules. Assets and expenses are debits. Liabilities, equity and revenues are credits. If you can remember these, everything else will fall into place.

2007-07-26 04:22:02 · answer #1 · answered by Sandy 7 · 0 0

becoz some men when making double entry book keeping system decided so and from then onwards, assets and expenses are debited on increase and credited on decrease.

2007-07-30 06:37:01 · answer #2 · answered by san_brj 2 · 0 0

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