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What two accounts are affected when services are sold

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Question: 1. What two accounts are affected when a business receives cash from sales?

2. What two accounts are affected when services are sold on account?

3. What two accounts are affected when a business pays cash to the owner for personal use?

4. Are revenue accounts increased on the debit side or credit side? Explain why.

5. Are expense accounts increased on the debit side or credit side? Explain why

Reference no: EM131536869

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