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Debit
An accounting entry that increases an asset or expense account, or decreases a liability or equity account, reflected on the left side of an account.
Credit
An accounting entry that either increases a liability or equity account, or decreases an asset or expense account. It is also used to refer to the provision of resources by a credit provider to a borrower.
Expenses
Costs incurred in the process of earning revenues, generally categorized as operating or non-operating.
Debit
An accounting entry that increases assets or expenses or decreases liabilities, equity, or revenue.
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