The Process of Entering an Amount on the Left Side

question 127

Short Answer

The process of entering an amount on the left side of an account is called ____________ the account and making an entry on the right side is called _________________ the account.

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Definitions:

Specified

Identified explicitly or in detail.

Raw Materials

Basic materials from which products are made, typically extracted from the earth and used in the initial stages of production.

Different Industries

Various sectors of the economy engaged in diverse forms of productive activities, ranging from agriculture and manufacturing to services and technology.

Interact

The act of two or more entities acting on or influencing each other, commonly used in social, biological, and technological contexts.