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Summary Of: Debits and credits

Debits and credits are a system of notation used in accounting to keep track of money movements... Keeping the debits and credits in separate columns allows each to be added up independently so that the total debits... Debits and Credits are recorded in a T account as shown below... Debits and credits are neither positive nor negative values... where Debits and Credits form the core of that system...

Encyclodia Page On: Debits and credits

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This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Debits and credits".