accounting
Pkg Acc Infor Systems MS VISIO CD
10th Edition
ISBN:9781133935940
Author:Ulric J. Gelinas
Publisher:Ulric J. Gelinas
Chapter11: The Billing/accounts Receivable/cash
receipts (b/ar/cr) Process
Section: Chapter Questions
Problem 4DQ
Related questions
Question
credit in accounting
![Exercise 2
Answer the following premises:
Explain in your own words the concept of debit in accounting.
Explain in your own words the concept of credit in accounting.
Explain in your own words the difference between ledger and account.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F15d10d69-1dbb-4eaf-8747-555f244f8c25%2Fe8a3935b-4be4-4404-b367-fd9b8f4e6f4d%2Fsfokshl_processed.png&w=3840&q=75)
Transcribed Image Text:Exercise 2
Answer the following premises:
Explain in your own words the concept of debit in accounting.
Explain in your own words the concept of credit in accounting.
Explain in your own words the difference between ledger and account.
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