Classroom 2.0 06/04/2021

• Rules of Accounting and the Difference Between a Debit and a Credit

  Debits and credits (abbreviated “dr” and “cr”) are unique accounting tools to elucidate the change during a specific account that’s necessitated by a transaction. In other words, instead of saying that cash is “increased” or “decreased,” it’s said that cash is “debited” or “credited.”

  Tags: RulesofAccounting, cafoundationaccounting, cafoundationclass, DebitandCredit

  • - By takshilalearn

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