AcctCh2 Test
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| A. Individuals or organizations entitled to receive payments from a company.B. A record of the debits and credits of transactions; can be used to record any transaction.C. Recorded on the left side; an entry that increases asset and expense accounts, and decreases liability, equity, and revenue accounts.D. Recorded on the right side; an entry that decreases asset and expense accounts, or increases liability, equity, and revenue accounts.E. A journal entry that affects at least three accounts.F. Another name for business papers; these documents are the source of information for accounting entries and can be in either paper or electronic form.G. An account with debit and credit columns for recording entries and another column for showing the balance of the account after each entry.H. Liabilities created by advance cash payments from customers for products or service; revenues are earned when the products or services are delivered in the future.I. A list of accounts used by a company that includes an identification number for each account.J. The process of transferring journal entry information to the ledger.K. Process of recording transactions in a journal. |
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DarciEven
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