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AAMI ACCOUNTING ONE FINAL REVIEW EXAM WITH 100% CORRECT ANSWERS 2025/2026

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AAMI ACCOUNTING ONE FINAL REVIEW EXAM WITH 100% CORRECT ANSWERS 2025/2026 How do you increase an asset account? - answer-Debit How do you decrease an asset account? - answer-Credit How do you increase a liability account? - answer-Credit How do you decrease a liability account? - answer-debit How do you increase revenue? - answer-Credit How do you increase expenses? - answer-debit What is the accounting equation? - answer-Assets=Liabilities+Owner's Equity Cash is a(n): - answer-Asset Revenue is a(n): - answer-Owner's Equity Accounts Receivable is a(n): - answer-Asset Mortgage Payable is a(n): - answer-Liability Accounts Payable is a(n): - answer-Liability

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