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A/An _____ Is a Person or Entity Who Has Been

question 5

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A/An _____ is a person or entity who has been authorized to act on behalf of some other person or entity.


Definitions:

Customer Payments

The transactions where a customer pays the company for goods or services provided.

Asset Account

An account on a balance sheet representing resources owned by a company with future economic value.

Debited

An accounting entry that increases an asset or expense account, or decreases a liability or equity account.

Write Checks

The process of creating checks from a business account to pay for company expenses.

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