fill up the blanks: (T accounts, chart of accounts, balance sheet Summary, trial balance, income statement, Credit, Debit, Journal, Posting,) Rita Bowden is describing the accounting process for a friend who is an Electronic engineering major. Rita states “The accounts are recorded in T accounts. The left side of the account is called… ….. Side and the right side is called as … ……….……..side. We record the transaction first in a …… …………. Then we post (transfer to the … ……………………..……….. It is helpful to list all the accounts with their balances in on a …
fill up the blanks: (T accounts, chart of accounts, balance sheet Summary, trial balance, income statement, Credit, Debit, Journal, Posting,) Rita Bowden is describing the accounting process for a friend who is an Electronic engineering major. Rita states “The accounts are recorded in T accounts. The left side of the account is called… ….. Side and the right side is called as … ……….……..side. We record the transaction first in a …… …………. Then we post (transfer to the … ……………………..……….. It is helpful to list all the accounts with their balances in on a …
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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fill up the blanks:
(T accounts, chart of accounts,
Rita Bowden is describing the accounting process for a friend who is an Electronic engineering major. Rita states “The accounts are recorded in T accounts. The left side of the account is called… ….. Side and the right side is called as … ……….……..side. We record the transaction first in a …… …………. Then we post (transfer to the … ……………………..……….. It is helpful to list all the accounts with their balances in on a …
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