1. What is the difference between debit and credit? How do you determine whether to record it...
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Question:
1. What is the difference between debit and credit? How do you determine whether to record it as debit or credit?
2. What is the difference between prepaid and deferred?
3. When recording general journal, how do you determine whether it is payable, receivable, cash, expense, etc?
4. Any tips for studying those accounting terms?
Related Book For
South Western Federal Taxation 2017 Comprehensive
ISBN: 9781305874169
40th Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young
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