Did debit entry decreases the balance of an account?

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1243310

2026-03-05 11:05

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No, a debit entry does not decrease the balance of an account; it actually increases the balance of asset and expense accounts. Conversely, for liability, equity, and revenue accounts, a debit entry decreases the balance. Therefore, whether a debit increases or decreases an account balance depends on the type of account involved.

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