gress Credits decrease both assets and liabilities. increase both assets and liabilities. decrease assets and increase liabilities. increase assets and decrease liabilities.
gress Credits decrease both assets and liabilities. increase both assets and liabilities. decrease assets and increase liabilities. increase assets and decrease liabilities.
Pkg Acc Infor Systems MS VISIO CD
10th Edition
ISBN:9781133935940
Author:Ulric J. Gelinas
Publisher:Ulric J. Gelinas
Chapter11: The Billing/accounts Receivable/cash
receipts (b/ar/cr) Process
Section: Chapter Questions
Problem 3DQ
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Provision
There are two components involved while passing an accounting entry, they are
- Debits
- Credits
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