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The article is wrong in at least one important respect. Debits do not always increase the balance of an account. Accounts can have either a natural debit balanc
by lurkingmba 2y ago
The article is wrong in at least one important respect. Debits do not always increase the balance of an account. Accounts can have either a natural debit balance or a natural credit balance.
Credits actually increase the revenue account, which is a pretty important one!