Are expenses of any kind a Debit account? Are they, a debit account because Owner's Equity is a Credit account? Is there ever a situation where expenses would be credited instead of debited?

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Q: fair value

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Q: Are all expenditures a debit account? Are they debit accounts, despite the fact that Owner's Equity…

A: Here is the Answer

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Q: hey appe

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Q: What is debit and credit account

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is