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Business

Business(Introduction to record keeping)

QuestionAnswer
What is a cash account? A page used to record cash received and paid.
What information goes on the Debit(Dr) side? Transactions being received.
What information goes on the Credit(Cr) side? Transactions being given.
What is meant by the term balancing an account? Stating on one line that one side is bigger than the other by a given amount.
Created by: Chimozukee
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