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Zilaurs quiz

Description

Processing Book keeping transactions

Quiz by zilaur1234, updated more than 1 year ago

	Created by zilaur1234 over 8 years ago

Resource summary

Question 1

Question

What is the Accounting equation?

Answer

Assets = Liabilities + Owner's Equity
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Question 2

Question

Give definitions for Debit

Answer

Something that you owe
Something that you own

Question 3

Question

Give definitions of Credit

Answer

Something you owe
Something that you own

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