debits and credits for financial accounting

label Accounting
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

Can someone explain to me how debits and credits work for financial accounting?

Dec 9th, 2014

debits and credits represent the double entry system in financial accounting. Under the double-entry system every business transaction is recorded in at least two accounts. One account will receive a "debit" entry, meaning the amount will be entered on the left side of that account. Another account will receive a "credit" entry, meaning the amount will be entered on the right side of that account.

Dec 9th, 2014

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Dec 9th, 2014
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Dec 9th, 2014
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