State the rules of debit and credit as applied to (a) Asset accounts, (b) Liability accounts, and
Question:
(a) Asset accounts,
(b) Liability accounts, and
(c) The owner’s equity accounts (revenue, expenses, owner’s drawing, and owner’s capital).
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Related Book For
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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