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Describe what a debit and a credit is

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Reference no: EM132796695

The Double Entry System

Problem 1: Describe the double entry system and how it functions in posting transactions into the financial system?

Problem 2: Describe what a debit and a credit is?

Problem 3: What is the natural position of the categories of accounts and what it means to be a natural debit vs. a natural credit?

Reference no: EM132796695

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