Sunday 6 January 2013

Which of the following is not always true of the terms debit and credit?

Which of the following is not always true of the terms debit and credit?

              They can be abbreviated as Dr. and Cr.

               Debit means increase and Credit means decrease.

              They can be used to describe the balance of an account.

              They can be interpreted to mean left and right of an account.


                                        

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