Five account classifications are shown as column headings in the table below. For each account classification, indicate
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Five account classifications are shown as column headings in the table below. For each account classification, indicate the manner in which increases and decreases are recorded (i.e., by debits or bycredits).
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Owners Revenue Expenses Assets Liabilities Equity Increases recorded by: Decreases recorded by:
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Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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