Every debit (charge) recorded on a guest folio must have an equal and offsetting credit, say a departmental sale or a tax collection.

Name: Every debit (charge) recorded on a guest folio must have an equal and offsetting credit, say a departmental sale or a tax collection.
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

Every debit (charge) recorded on a guest folio must have an equal and offsetting credit, such as a departmental sale or a tax collection, to maintain the accounting equation and ensure that the total debits equal the total credits.

Every Debit (Charge) Recorded on a Guest Folio Must Have