During an accounting period a business has numerous transactions affecting each of the following accounts. State for each account whether it is likely to have (a) debit entries only (b) credit entries only or (c) both debit and credit entries.

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The Answer of During an accounting period a business has numerous transactions affecting each of the following accounts. State for each account whether it is likely to have (a) debit entries only (b) credit entries only or (c) both debit and credit entries.

During an Accounting Period a Business Has Numerous Transactions Affecting