Material Detail

Debit vs Credit

Debit vs Credit

Credit vs Debit - What's the Difference? The double entry accounting system is based on the concept of debits and credits. Learn what accounts use both.

Contents :

1 Debit vs Credit – What’s the Difference?
2 Debit and Credit Accounts and Their Balances

2.1 Assets
2.2 Liabilities
2.3 Equity Accounts
2.4 Contra Accounts

3 Credit vs Debit Examples



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