Business

11th -

12thgrade

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Basic Accounting

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15 questions

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  • Multiple Choice
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    30 seconds
    1 pt
    How would an accountant record an increase in cash?
    Debit
    Credit
  • Multiple Choice
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    30 seconds
    1 pt
    How would an accountant record an increase in sales?
    debit
    credit
  • Multiple Choice
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    30 seconds
    1 pt
    Any amounts owed by a business and reported on the balance sheet are referred to as ________________.
    assets
    liabilities
    profit
    expenses
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