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Chapter 2: The Recording Process Learning Objective 1: Describe how accounts, debits, and credits are used to record business transactions. 1. What is an account?

Chapter 2: The Recording Process Learning Objective 1: Describe how accounts, debits, and credits are used to record business transactions. 1. What is an account? What does an account consist of? I 2. What does the term debit mean? What does the term credit mean

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