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lapo4ka [179]
3 years ago
8

What is the relationship between credit and debit

Social Studies
1 answer:
Kaylis [27]3 years ago
8 0

Answer:

Credits happen when you give money to the bank, they credit your account (increase a liability) and debit their cash balance (increase an asset). Debits are when they give money to you, they debit your account (decrease a liability) and credit their cash balance (decrease an asset) .

Explanation:

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