A general journal includes information about each transaction including the _______ of the transaction, the _________ to be debited and credited, the amounts of ______ and _______ entries and an explanation of each transaction.
Correct Answer:
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Q6: Asset accounts are increased by _ entries
Q7: Liability accounts are _ by credit entries
Q8: The _ rule states that in the
Q9: The steps a business completes during each
Q10: A business uses information from source documents
Q12: _ is the process of transferring the
Q13: A chart of accounts is a numbering
Q14: The balance in the Accounts Payable control
Q15: A _ _ is a schedule that
Q16: Adjusting entries are journal entries that a
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