1. Banks use the terms ‘debit’ and ‘credit’ to mean the opposite of what a business records (a) True (b) False 2. A supporting document serves as the basis for an entry first in a (a) Trial balance...

1. Banks use the terms ‘debit’ and ‘credit’ to mean the opposite of what a business records (a) True (b) False

2. A supporting document serves as the basis for an entry first in a (a) Trial balance (b) Journal (c) Financial statement (d) Ledger (e) None of these




May 26, 2022
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