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Discuss the rules of debit and credit as apply to each of the account types that would appear on a company's balance sheet and income
Discuss the rules of debit and credit as apply to each of the account types that would appear on a company's balance sheet and income statement. Identify the normal balance for each account type and provide an example event for each. Analyzing business events requires the accountant to make several judgments about the facts contained in the event.
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