Debits and Credits

Debits and Credits

Discipline:
Accounting

Type of service:
Essay

Spacing:
Double spacing

Paper format:
APA

Number of pages:
1 page

Number of sources:
1 source

Debits and Credits.

Define debits and credits and explain how they are used to record business transactions. Is it true that debits always increase and credits always decrease? Why or why not?