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Cheryl Steffan is the operations manager for Nature's Bread Company,which specializes in providing natural products for health conscious individuals.Cheryl is responsible for compiling,analyzing,and evaluating daily sales numbers to determine the company's profitability and forecast production for the next day.Which of the following is an example of knowledge that Cheryl would be using to successfully perform her job?
T Account
A graphical representation in accounting that resembles the letter "T", used to track the increases and decreases in accounts, making it easier to understand transactions.
Credit Side
The right side of an accounting ledger where increases in liabilities, equity, and revenue accounts are recorded.
Debit Side
The left side of a ledger account that records increases in assets and expenses or decreases in liabilities and equity.
Journalizing
A process in accounting that involves recording transactions in a journal before they are transferred to a ledger.
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