explain how the credit and debit influence the balance sheet

the credit and debit which return in the different sides can be analysed

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  • Credit and Debit is a very imp part in the balance sheet. Since it adds to the asset and liability coloumn.
    In every aspect credit and debit plays an imp role.
    Eg - Debit increases in asset and where as credit decreases in liability. Similarly credit in income means addition of funds where as debit tends to exoenses.
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