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Whenever More Than One Possible Action Is Available,a(n)____________ Must Be

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Short Answer

Whenever more than one possible action is available,a(n)____________ must be made.

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Definitions:

Credit Side

The credit side of an account is where increases in liabilities, equity, and revenue accounts are recorded, as well as decreases in asset and expense accounts.

Dividends Account

An account used in bookkeeping to track dividends declared by a company to be paid out to its shareholders.

Debit

A bookkeeping record that leads to a rise in a company's assets or a fall in its liabilities on the balance sheet.

Debits

Accounting entries that increase an asset or expense account, or decrease a liability or equity account, recorded on the left side of an accounting ledger.

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