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In Each Set Below, Select the Letter of the Sentence

question 3

Multiple Choice

In each set below, select the letter of the sentence in which capital letters and punctuation have been used correctly. Which sentence uses capital letters and punctuation correctly?


Definitions:

Credits

Entries on the right side of a double-entry bookkeeping system that increase liabilities, equity, or revenue accounts, or decrease asset or expense accounts.

Double-entry Accounting

An accounting system in which every transaction is recorded in at least two accounts, ensuring the accounting equation remains balanced.

Journal Entry

A record in accounting that represents every single transaction made by a company, detailing the financial activities.

Debits

Entries on the left side of a double-entry bookkeeping system that increase asset or expense accounts, or decrease liability, equity, or revenue accounts.

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