MRTS- 1342 final exam Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed
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Course
MRTS 1342
Institution
MRTS 1342
GAAP
-:- Generally Accepted Accounting Principles
GAAP's Business Entity Assumption
-:- accounting principal that states that the financial records of any business
The 3 Types of Companies in Managerial Accounting
-:- Service companies.
Merchandising companies.
Manufacturing companies.
F...
Accounting is Based on this Single Accounting Equation; Know Examples of Each
✓ -:- Balance sheet A=L+E
How Debits and Credits Affect Each Account
✓ -:- If a debit increases an account, you will decrease the opposite account with a
credit
The 5 Main Accounts in Accounting
2|Page | Grade A+| 2024/2025
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