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Content Other Important Terms Related to Account Balance Debits and Credits in Transactions Contra Accounts Introduction to Normal Balances Terminology If the payment was made on June 1 for a subsequent month (e.g. July), the debit would be paid into the prepaid rent asset account.… Daha fazlasını oku »Match the accounting terms with the corresponding definitions 1. Posting 2. Account 3. Debit 4. Journal 5. Chart of accounts 6. Trial balance 7. Normal balance 8. Ledger 9. Credit 10. Compound journal entry a. A detailed record of all increase
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