ASSIGNMENT: CREDIT

ASSIGNMENT: CREDIT.

ASSIGNMENT: CREDIT.

PLEASE ANSWER THE FOLLOWING IN 150 WORDS MINIMUM.

1. What are debits and credits? How are they used in Accounting?

2. What side of the transaction are credits? For the following types of accounts, please discuss if credits increase or decrease them:

· Assets

· Liabilities

· Stockholders’ equity

· Revenue

· Expenses

3. Please describe the recording process.

ASSIGNMENT: CREDIT.

ESSAYS BY LINDA

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