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    Debits and Credits affect the accounting equation

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    What are debits and credits? How do debits and credits affect the accounting equation? Are debits always increases? Are credits always decreases? Why or why not?

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    https://brainmass.com/business/accounting/debits-and-credits-affect-the-accounting-equation-176979

    Solution Preview

    Debit and credit are the rules to record the transactions. Every transaction can be described in its debit/credit form. Following are the rules and regulations
    ACCOUNT INCREASED BY DECREASED BY NORMAL BALANCE:
    Assets Debits ...

    Solution Summary

    This discussest the concept of Debits and credits and their impact on the accounting equation

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