In its simplest form an account has only three elements: a title,a left side (called debit),and a right side (called credit).
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Q1: Ledger accounts are updated through a process
Q2: All liability accounts normally have a credit
Q3: An increase in a liability is recorded
Q5: When a company uses the double-entry method,the
Q6: Liability accounts should only be debited and
Q7: Decreases to owners' equity accounts are recorded
Q8: When making a general journal entry,there can
Q9: If the number of debit entries in
Q10: The left-hand side of an account is
Q11: A credit to a ledger account refers
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