The account used to record amounts that are owed for goods or services purchased on credit is known as ________.
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Q67: On the income statement, revenues minus expenses
Q68: Funds taken from the business by the
Q69: The account used to record amounts that
Q70: When a business sells services for cash,
Q71: The _ reports the changes that have
Q73: In a business transaction, when revenue increases,
Q74: Revenue by definition is:
A)the collection of amounts
Q75: When revenue is greater than expenses, the
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Q77: The debts or obligations of a business
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