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I understand that an expense is debited and causes a decrease in equity. What I don’t know is if Expense is on the left (which is the debit side or the right which is the credit side). I’ve read it is

I understand that an expense is debited and causes a decrease in equity. What I don’t know is if Expense is on the left (which is the debit side or the right which is the credit side). I’ve read it is a debit account if that is the case shouldn’t it be on the left side? If not why?

 

Sep 05 2020 View more View Less

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