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1 August, 12:19

What is the relationship between credit and debit

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  1. 1 August, 12:40
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    Credits happen when you give money to the bank, they credit your account (increase a liability) and debit their cash balance (increase an asset). Debits are when they give money to you, they debit your account (decrease a liability) and credit their cash balance (decrease an asset).
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