Ledger question.

Which side of the ledger to the following belong:
SALES: CREDITORS: PURCHASES: DEBTORS:
Withdrawal or Deposit?
Please help PJ

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what is thif for ? homework?
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Which ledger are you referring to? Cash ledger? General ledger?
Debit entries are generally going to increase assets and expenses. Credit entries generally increase revenues, debts and equity. And you are aware that assets = liabilities + equity.
--
Paul Thomas, CPA
www.paulthomascpa.com
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