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Joe is a computer service technician. People in his neighborhood usually depend on his suggestions for purchasing any computer accessory or hardware, as they believe that he has access to far more information on computer technology than the average consumer. The neighbors are also aware that Joe has the required knowledge and background for understanding the technical properties of the products. Within this context, Joe can be called a(n) ________.
Credit
An accounting entry that increases liabilities or equity, or decreases assets, reflecting the value of transactions where goods, services, or cash are received.
Cash Account
A financial account that tracks the amount of cash inflows and outflows, representing the company's liquid assets.
Increases
The act or process of becoming larger or greater in size, amount, number, or degree.
Posting
The process of transferring the debits and credits from the journal entries to the accounts.
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