Answered: The word 'credit' means An entry to…

The word 'credit' means An entry to the left side of an account An increases to an account An entry to the right side of an account A decrease to an account

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter2: T Accounts, Debits And Credits, Trial Balance, And Financial Statements

Section: Chapter Questions

Problem 2QY: Which of the following statements is correct? a. Increases to cash are shown on the right side of...

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Concept explainers

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.

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The word 'credit' means

An entry to the left side of an account

An increases to an account

An entry to the right side of an account

A decrease to an account O

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