Name the Three General Types of Views for Showing How

question 3

Essay

Name the three general types of views for showing how a building is to be built.

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Definitions:

Debit

An entry on the left side of an account, indicating an increase in assets or expenses or a decrease in liabilities, equity, or revenue.

Credit

The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.

Supplies Account

An account used in accounting to keep track of the amount spent on supplies not yet used or consumed by the business.

Supplies Expense

The cost incurred from the consumption of supplies that are used in the operations of a business.