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7. When a check is written, a cash account should be debited credited 8. is concerned with the accuracy and truthfulness of financial reports. Auditing

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7. When a check is written, a cash account should be debited credited 8. is concerned with the accuracy and truthfulness of financial reports. Auditing Managerial Accounting Bookkeeping 9. The owner withdraws business assets for personal use. Owner's Equity will Increase Decrease No Effect 10 The company receives cash from a bank loan. Liabilities will Increase Decrease No Effect

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