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There is a simple rule to understanding debits and credits. By the end of this tutorial you will understand the difference between debits and credits in accounting. You will have your cheat sheet to refer to when it comes to understanding whether a transaction needs to be debited or credited. You will also understand debit and credit in banking and why banks use the terminology that seems confusing: debit card and credit card. You’ll understand how that fits with our debit and credit examples. Course Length: 11:40 minutes Source: Leila Gharani

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