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When an account is debited. Is it going to be debited in every journal?
Anonymous
Mar 6
When an account is debited. Is it going to be debited in every journal?
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ChatGPT
Mar 6
Yes, when an account is debited, it will be debited in every journal entry where that account is affected. Debiting an account means that the amount is being recorded on the left side of the account, indicating an increase in that account's balance. This is a fundamental accounting principle that is followed in every journal entry to ensure accuracy and consistency in financial reporting.
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