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Financial AnalysisEssay Preview: Financial AnalysisReport this essayFinancial Accounting MidTermDebit vs. CreditDebitDebit = left side of T-accountOn the Balance Sheet a debit indicates:An increase in an assetA decrease in a liabilityA decrease in shareholders equity itemCreditCredit = Right side of T-accountOn the Balance Sheet a credit indicates:A decrease in an assetAn increase in a liabilityAn increase.