College Accounting A Career Approach
Quiz 2: T Accounts, Debits and Credits, Trial Balance, and Financial Statements
Revenue Has the Effect of Decreasing Owner's Equity.
Revenue has the effect of decreasing owner's equity.
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The left side is always the debit side.
Accounts Receivable is an asset account whose normal balance is a credit.
In any transaction, the total dollar amount of debits must equal the total dollar amount of credits.
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