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If the Chart Doesn't Seem to Make Sense, Make Sure

question 56

Multiple Choice

If the chart doesn't seem to make sense, make sure the chart is selected and try clicking the Switch Row/Column button in the ____ group.


Definitions:

Fees Earned

Income earned from providing services, recorded as revenue in the income statement.

Correcting Entry

An entry made in accounting records to correct a previous error or adjust for discrepancies.

Journal Entry

A record in accounting that logs a transaction and shows the affected accounts in the form of debits and credits.

Debits

Accounting entries that increase assets or expenses and decrease liabilities, equity, or revenue, recorded on the left side of accounting ledgers.

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