Depending on the account title, the right side of the account is referred to as the credit side.
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Q7: The balance of an account can be
Q8: The chart of accounts should be the
Q9: The cash account will always be debited.
Q10: The recording of cash receipts to the
Q11: Debiting the cash account will increase the
Q13: Prepaid expenses are an example of an
Q14: The unearned revenue account is an example
Q15: The drawing account is an expense.
Q16: An account in its simplest form has
Q17: Accounts in the ledger are usually maintained
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