xacc290 week 1 dq 3

Feb 3rd, 2012
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University of Phoenix
Course: Business and Management
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In your opinion, why do accountants debit asset accounts to increase them but credit liability accounts to increase them? Why do accountants debit expenses to increase them but credit revenues to increase them? Answer 1 Page

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In your opinion, why do accountants debit asset accounts to increase them but creditliability accounts to increase them? Why do accountants debit expenses to increasethem but credit revenues to increase them?Ans:Any transaction in accounting is based on crediting and debiting of balance. Any bala

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