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Rules of Debit and Credit Definition, Explanation and Examples
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Nonetheless, it may happen that a debit account has a credit balance as well. As a rule, one of the major indicators that something goes wrong is the fact ...

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Normal Balance of Accounts: Definition and Examples
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Conversely, when the company makes a payment on its account payable, it records a debit entry in the Accounts Payable account, decreasing its balance. By ...

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