Liabilities are what the company owns,such as cash,land,and buildings.
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Q44: When does a debit take place?
A)When
Q45: In accounts receivable,which general ledger accounts are
Q46: Assets are monies the company earns by
Q47: A reconciliation account records the impact of
Q48: Accounting processes are broadly divided into two
Q50: In accounts payable,which general ledger accounts are
Q51: The general ledger is used to record
Q52: When does a credit take place?
A)When
Q53: Balance sheet accounts are grouped into:
A)Assets
B)Liabilities
C)Equity
D)Revenue
Q54: Business areas are external departments of an
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