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In financial accounting, Debits and Credits are simply the left and right side of a T-Account respectively.
They are used to indicate the increase and decrease in certain accounts. When there is a change in an
account, that change is indicated by either debit or crediting that account according to the following rules:

ASSETS and EXPENSES

• An Increase is recorded as Debit (left side)

• A decrease is recorded as Credit (right side)

LIABILITIES, EQUITIES and REVENUES

• A decrease is recorded as Debit ( left side)

• An increase is recorded as Credit (right side)