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AAMI Accounting One Final Exam Questions with Verified Answers |Latest 2024/2025

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AAMI Accounting One Final Exam Questions with Verified Answers. How do you increase an asset account? ️ Debit How do you decrease an asset account? ️ Credit How do you increase a liability account? ️ Credit How do you decrease a liability account? ️ debit How do you increase revenue? ️ Credit How do you increase expenses? ️ debit What is the accounting equation? ️ Assets=Liabilities+Owner's Equity Cash is a(n): ️ Asset Revenue is a(n): ️ Owner's Equity Accounts Receivable is a(n): ️ Asset Mortgage Payable is a(n): ️ Liability Accounts Payable is a(n): ️ Liability Office Equipment is a(n): ️ Asset Capital is a(n): ️ Owner's Equity Automotive Equipment is a(n): ️ Asset

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