Answer / sumitra.raghavan

accounts is a statement containing summarised record of
transactions held in relation to
assets,liab.debtors,creditors,expenses or income
accounts consist of two side debit and credit...
debit is derived from latin word debitum which means to
owe...it is found in the left hand side of account.credit is
derived from credere whcih means to be oneself.it is shown in
righthand side of accounts

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