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Bookkeeping Terms Questions and Answers
Bookkeeping Terms
Bookkeeping Terms
Bookkeeping Terms Journal - Answer- Record of financial transaction from original documents ( checks, receipts, invoices) Chart of accounts - Answer- Acts like folders where specific transactions are placed Assets - Answer- anything of value owned by a business Liabilities - Answer- amounts owed by the business owners equity or capital - Answer- investment of the owners, and accumulation of profit or losses Revenue - Answer- the value resulting from sales of goods or services o...
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