Prior to beginning work on this discussion forum, read Chapter 3: The Accounting Information System and Chapter 4: Accrual Accounting Concepts in your course text. In your initial post, Define debits and credits. Explain how debits and credits are used to record business transactions. Is it true that debits always increase and credits always decrease? Why or why not?

Discussion Post #2 Week 1 Jordan M. Hill BUS 591 Financial Accounting & Analysis Instructor: Dr. Havel October 15, 2019

Debits and credits are an essential part of any accounting practice. Debits are credits refer to where entries are made in an account; with debit indicating the left side and credit indicating the right (Kimmel, Weygandt, Kieso, 2019, Debits and Credits para. 1). However, they do not indicate...