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ACC 205 Week 1 DQ 2 Debit and Credit

ACC 205 Week 1 DQ 2 Debit and Credit

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ACC 205 Week 1 DQ 2 Debit and Credit

Define the terms “debit” and “credit”.  Explain how debits and credits affect the following:  assets, liabilities, owner’s capital account, revenues and expenses.  Respond to at least two of your classmates’ postings. 

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