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Case 27-2 Tarek Is a College Student Who Is Fairly

question 27

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Case 27-2 Tarek is a college student who is fairly new to the Internet. He wants to be able to use it to complete school projects and to communicate with friends and family in Egypt. Tarek wants to create a blog and is researching it online. What is the communication method now used widely to share the contents of blogs?


Definitions:

Journal Entry

A recording of financial transactions in the accounting records, detailing the accounts affected, amounts, and date.

Chart of Accounts

An organized list of all ledger account titles and numbers used by a company, detailing all transactions' recording places.

General Ledger

A comprehensive record of all financial transactions of a company, systematically organized by accounts.

Net Income

The remaining earnings of a company following the deduction of all expenses and taxes from its total income.

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