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Company spends 650 cash - PowerPoint PPT Presentation

Chapter 4 The Simple Ledger

Chapter 4 The Simple Ledger. Quiz for this chapter will be on Friday October 3. The Rule of Debit and Credit. Increases are shown on the same side as normal beginning balance of the account appears in the equation Decreases are shown on the opposite side A = L + OE.

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Chapter 4.2 Debit and Credit Theory

Chapter 4.2 Debit and Credit Theory. $. $. $. Debit and Credit Theory 4.2. Transaction 1 The company purchases $200 of supplies from Packham Products to be paid for later. Supplies. A/P Packham Products. 200. 200. Dr. Cr. Assets. Liabilities + Equity. $. $. $.

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Company spends 650 cash - PowerPoint PPT Presentation

Chapter 4 The Simple Ledger

Chapter 4.2 Debit and Credit Theory