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If You Want to Explain the Cause of an Observation,you

question 3

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If you want to explain the cause of an observation,you should conduct a:


Definitions:

Asset Account

An account that records the value of an entity's resources, such as cash, equipment, inventory, and property.

Cash

Money in the form of currency that is available for immediate use by a company for transactions, payments, and other financial activities.

T-Account

A visual representation used in accounting to depict the debit and credit sides of individual accounts.

Debit

A debit is an accounting entry that increases an asset or expense account, or decreases a liability or equity account, and is reflected on the left-hand side of an accounting ledger.

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