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Debit Balance
A balance occurring when the sum of debits in an account exceeds the sum of credits.
Credits
Accounting entries that can either decrease assets or increase liabilities and equity on a company's balance sheet.
Debits
In accounting, an entry recorded on the left side of a double-entry bookkeeping system that increases an asset or expense account, or decreases equity, liability, or revenue accounts.
Debit
A debit is a bookkeeping entry that leads to an increase in a company's assets or expenses or a reduction in its liabilities or equity on the balance sheet.
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