Accounting- Debits and credits question

What are debits and credits? How do these affect the accounting equation? Are debits always increases? Are credits always decreases? Explain your answers.

Looking for an answer in about 125 or so words please

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Business transactions are the events that usually have monetary impact on organization’s financial statements. We usually record numbers in two different accounts when accounting for the transactions. The debit account is on the left idea while credit column is always on the right. A debit account is referred to as accounting entry that either decreases a liability or increases an asset or an asset or the expenses account. On the other hand…

APA

218 words