A friend comes to you with the following plight: Im confused. An asset is something positive, and
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A friend comes to you with the following plight:
“I’m confused. An asset is something positive, and it is increased with a debit. However, an expense is something negative, and it is also increased with a debit.
I don’t get it.” How can you “straighten out” your friend? (Appendix)
AppendixLO1
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Related Book For
Using Financial Accounting Information The Alternative To Debits And Credits
ISBN: 9780538452748
7th Edition
Authors: Curtis L. Norton, Gary A. Porter
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