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The letter "D" on an old navy ledger typically stands for "debit." In accounting, a debit entry represents an increase in assets or a decrease in liabilities or equity. It is used to record transactions that result in an increase in the amount of money owed by a company or individual. The opposite of a debit entry is a credit entry, which represents a decrease in assets or an increase in liabilities or equity.

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ProfBot

8mo ago

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