(L. OBJ. 1, 2) Explaining accounts and the rules of debit and credit [5 min]
Allison Franklin is tutoring Blame McCormick, who is taking introductory accounting. Allison explains to Blame that debits are used to record increases in accounts and credits record decreases. Blaine is confused and seeks your advice.
Requirements
1. When are debits increases? When are debits decreases?
2. When are credits increases? When are credits decreases?
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