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Figure 6-9
-Refer to Figure 6-9.What is the share of the tax burden per unit that sellers would pay
Assets
Resources owned by a company that have economic value and can contribute to future income.
General Ledger
The primary accounting record of a company that uses double-entry bookkeeping, containing all the financial accounts and transactions of a business.
Accounts
Records summarizing all transactions related to a particular item over a period.
Posting
The process of transferring entries from the journal to the respective accounts in the ledger.
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