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Tag Archives: Accounting Lesson
Explanation of T-account, Debit and Credit, and Double-entry Accounting System
All accountants know several terms that create basis for any accounting system. Such terms are T-account, debit and credit, and double-entry accounting system. Of course, these terms are studied by accounting students all over the world. However, any business person, … Continue reading
Posted in Accounting
Tagged Account, Accounting, Accounting Balance, Accounting Definition, Accounting Lesson, Credit, debit, Double-entry Accounting System
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