In terms of debit and credit, expenses accounts function in a similar way to (a) Liabilities accounts

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In terms of debit and credit, expenses accounts function in a similar way to

(a) Liabilities accounts

(b) Assets accounts

(c) Shareholders’ equity accounts

(d) Revenues accounts AppendixLO1

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Financial Accounting And Reporting A Global Perspective

ISBN: 9781844802500

2nd Edition

Authors: Michel J. Lebas, Herve Stolowy, Michael Lebas

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