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On an upper-level chart the wind tends to blow
Cash Payments
Payments of cash to fulfill debts or acquire goods and services.
T Accounts
A visual representation of a ledger account that separates debits and credits, making the accounting process simpler.
Debit
An accounting entry that either increases an asset or expense account, or decreases a liability or equity account.
Credit
An accounting entry that may either decrease assets or expenses or increase liabilities, equity, and income, recorded on the right side of an accounting ledger.
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