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A _____,Which Employs the First-In-First-Out (FIFO)principle in Which the First

question 29

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A _____,which employs the first-in-first-out (FIFO) principle in which the first item added to the data list is the first removed,is similar to a stack.


Definitions:

Accounting Records

Documentation and books that keep track of all financial transactions, assets, liabilities, equity, revenues, and expenses of an entity.

Transactions

The exchange of goods, services, or funds between two or more parties, forming the basis of accounting records.

Debit Credit

The two aspects of every financial transaction, where debit increases assets or expenses and credit increases liabilities, equity, or income.

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