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Define Debits and Credits and Explain How They Are Used

question 143

Essay

Define debits and credits and explain how they are used to record transactions.


Definitions:

Reverse Logistics

The process of moving goods from their typical final destination back to the manufacturer or distributor for returns, repairs, or recycling.

Recycles

The process of converting waste materials into new materials and objects.

Reusable Materials

Items that can be used multiple times for the same or a new purpose, reducing waste and promoting sustainability.

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