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1. What is a business transaction?

1. What is a business transaction?

College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter4: Journalizing And Posting Transactions
Section: Chapter Questions
Problem 3SEA: GENERAL LEDGER ACCOUNTS Set up T accounts for each of the general ledger accounts needed for...
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30 Delivery Expense Guide Questions: 1. Can you still recall the account tittles that can be seen in the chart of accounts? 2. What are the normal balances of these accounts? 3. When to debit or credit the accounts? Activity 2 Rules of Debit and Credit Instruction: Complete the table below. The first item has been done for you.
Transcribed Image Text:30 Delivery Expense Guide Questions: 1. Can you still recall the account tittles that can be seen in the chart of accounts? 2. What are the normal balances of these accounts? 3. When to debit or credit the accounts? Activity 2 Rules of Debit and Credit Instruction: Complete the table below. The first item has been done for you.
Guide Questions 1. What is a business transaction? 2. Can you differentiate a financial from a non-financial transaction? 3. Why do we need to analyze business transactions? Activity 2 Analysis of Simple Business Transaction Instructions:
Transcribed Image Text:Guide Questions 1. What is a business transaction? 2. Can you differentiate a financial from a non-financial transaction? 3. Why do we need to analyze business transactions? Activity 2 Analysis of Simple Business Transaction Instructions:
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