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Debits and Credits
Explained
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1:02
YouTube
Accounting Stuff
How do Debits and Credits work in accounting?
⭐️Join this channel to get exclusive daily quiz questions: https://www.youtube.com/c/accountingstuff/join Here's an example of how Debits and Credit work. Let's say that a business borrows $1,000 cash from a bank. What happens? On the one hand, its Liabilities have to go up to record its financial obligation to the bank - which is a third ...
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