Expense accounts increase with a debit and decrease with a credit.
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Q128: Providing services to customers is recorded with
Q129: Selling common stock for cash is recorded
Q130: The process of transferring the debit and
Q131: Describe the difference between external events and
Q132: Borrowing cash from the bank is recorded
Q134: If total debits equal total credits in
Q135: A credit to an account balance always
Q136: The general ledger includes all accounts used
Q137: Paying employees' salaries for the current period
Q138: For each transaction,there must be at least
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