Answered: rue or False a A credit always means…

rue or False a A credit always means increase. b A debit is the left side of any account. c A ledger can be prepared manually or by computer. d Footings replace the need for debits and credits.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 13EA: Identify whether ongoing transactions posted to the following accounts would normally have only...

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

True or False
a A credit always means increase.
b A debit is the left side of any account.
c A ledger can be prepared manually or by computer.
d Footings replace the need for debits and credits.

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