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What is debit item

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What is debit item

Posted by Nikhil Thakur 5 years, 10 months ago

CBSE > Class 11 > Accountancy

2 answers

Shalini N 5 years, 10 months ago

Debit - What is a debit? | Debitoor invoicing software The debit falls on the positive side of a balance sheet account, and on the negative side of a result item. In bookkeeping, a debit is an entry on the left side of a double-entry bookkeeping system that represents the addition of an asset or expense or the reduction to a liability or revenue.

Shalini N 5 years, 10 months ago

What is debit item

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