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In accounting, a journal voucher is a document used to record a financial transaction in the general ledger. The term "debit" (often abbreviated as "debi") refers to an entry that increases an asset or expense account or decreases a liability or equity account. When preparing a journal voucher, the debit side reflects the account that is being charged, indicating where the funds are coming from or how they are being utilized. This is essential for maintaining accurate financial records and ensuring proper tracking of transactions.

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1w ago

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