Examlex
Indicate the account(s) to be debited and credited to record the following transactions.
-John partner invested cash in the business.
Debit ________ Credit ________
Credit Balance
Refers to the amount on the right side of a company's ledger account, indicating that liabilities, equity, or revenue have increased or that assets or expenses have decreased.
Accounts Listed
Refers to the organized list of all accounts used in a company's accounting system, which can include assets, liabilities, equity, revenues, and expenses.
Sales Returns
Goods returned by the buyer to the seller, leading to a reduction in the seller's revenue.
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