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Concepts Of Debit,Credit,Double Entry Accounting and
Matching
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Answer / jitu
if we record something on left side of any account is
called debiting and if on right side of any account is
called crediting in double entry book keeping every
transaction is having tro effect one is debit and another
is credit so it is called double entry accounting. matching
means to match we are matching our expenses with our income
and because of that we gets loss or profit.
| Is This Answer Correct ? | 1 Yes | 2 No |
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