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Questions and Answers
Which side of the account is called the Normal Balance of the account?
Which side of the account is called the Normal Balance of the account?
Which of the following accounts is considered a Permanent Account?
Which of the following accounts is considered a Permanent Account?
Where are Revenue accounts typically found?
Where are Revenue accounts typically found?
Which ledger should transactions recorded in Special Journals be posted to?
Which ledger should transactions recorded in Special Journals be posted to?
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What does 'Doc.No.' indicate in journal entries?
What does 'Doc.No.' indicate in journal entries?
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Which type of accounts are typically found on the Balance Sheet?
Which type of accounts are typically found on the Balance Sheet?
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In journal entries, what does 'Post Ref.' indicate?
In journal entries, what does 'Post Ref.' indicate?
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Where should Expense accounts typically be found?
Where should Expense accounts typically be found?
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