The Accounting Process

The Accounting Process

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Income from sales or services increases ownera#39;s equity and are therefore credit balance accounts. ... Thus the rules of debit and credit as applied to ownera#39;s equity may be expanded to the following: Rule 5: Increases in ownera#39;s equity becauseanbsp;...

Title:The Accounting Process
Publisher:Goodwill Trading Co., Inc. -


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