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The Debit Part of the Transaction Is Recorded First in the Journal

question 93

True/False

The debit part of the transaction is recorded first in the journal entry.

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Definitions:

Percent Rate

a rate that describes a portion of a hundred in finance, often related to interest or growth rates.

Portion

A part or segment of the whole, often expressed as a fraction or percentage.

Accurate

Describes information, measurements, or results that are exact, precise, and free from errors or mistakes.

Cent

A monetary unit equal to one hundredth of a larger unit, such as a dollar or euro.

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