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An increase in revenue (eg a sale) or an increase in a liability (eg buying goods on credit) is a credit.
Why an increase in revenue is a credit?
If we make a sale, then we debit either cash or receivables and the double entry is to credit sales to record the income.
You really need to watch my free lectures – they are a complete free course for Paper FA and cover everything needed to be able to pass the exam well. You cannot expect me to type out all of my lectures here 🙂
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