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1) What is mean by debit, credit
2) what is mean by purchase, sales

Answers were Sorted based on User's Feedback



1) What is mean by debit, credit 2) what is mean by purchase, sales..

Answer / nayeem

This is the basic accounting procdure to follow

put in the left column, say: Debit
put in the right column, say: Credit.


2 Purchase the acquisition of something for payment.
Sale the exchange of goods for an agreed sum of money

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