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Debit is total of what you spent, withdrawals - debiting your account reduces the amount in the account
Credit is total of deposits to your account - crediting your account increases the amount in the account
Total is the sum of all credits - the total of all deposits; and sum of all debits is the total for all withdrawals
Trading account at Debit side=Opening stock,purchases ,purchases returns,
The total Debits is $46,500
Please let me know if you need any clarification. I'm always happy to answer your questions.
Jun 22nd, 2015
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