. Debit A. The cost of operating a business; a decrease in stockholders' equity 2. Expense B....
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. Debit A. The cost of operating a business; a decrease in stockholders' equity 2. Expense B. Assets - Liabilities 3. Net income C. Grouping of accounts 4. Ledger D. Copying data from the journal to the ledger 5. Posting E. Record of transactions 6. Normal balance F. Revenues - Expenses 7. Payable G. Left side of an account 8. Journal H. Always an asset 9. Receivable I. Side of an account where increases are recorded 10. Owners' equity J. Always a liability
Related Book For
Financial Accounting
ISBN: 978-0134127620
11th edition
Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz
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