Both a corporation and a proprietorship commonly use the share capital account.
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Q8: In general, debits refer to increases in
Q9: On the income statement, debits are used
Q10: One purpose of a trial balance is
Q11: Real (permanent) accounts are revenue, expense, and
Q12: On the income statement, revenues are increased
Q13: The trial balance will not balance when
Q15: Basic steps in the recording process include
Q17: The trial balance is a listing of
Q18: The rules for debit and credit and
Q19: The first step in the accounting cycle
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