Describe the rules of debit an credit entry used in recording accounting transactions, accounting help (200-250 words)

Anonymous
timer Asked: Jun 2nd, 2016
account_balance_wallet $5

Question Description

Describe the rules of debit an credit entry used in recording accounting transactions in financial statements. 200-250 words

please no plagiarism.

Tutor Answer

sarahcarthy
School: UT Austin

Rules of debit and credit entry

Debit entries are recorded in the left column while credit entries are recorded in the right column.

All accounts that contain a debit balance will increase in amount when a debit is added to them,
and reduced when a credit is added t...

flag Report DMCA
Review

Anonymous
Thanks, good work

Similar Questions
Hot Questions
Related Tags
Study Guides

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors