Mrts 1342 exam 2 - Study guides, Class notes & Summaries

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MRTS 1342 Exam 1 Study Guide with Complete Solutions
  • MRTS 1342 Exam 1 Study Guide with Complete Solutions

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  • MRTS 1342 Exam 1 Study Guide with Complete Solutions Define Asset - Answer️️ -Property of monetary value owned by a buisness What are the steps of the accounting process? - Answer️️ -Analyze, record, classifies, summarize, reports, interprets Credit on expense account will ____________ it - Answer️️ -Decrease What is the equation for balance sheet - Answer️️ -Assets = liability + capital - withdrawal Chart of Accounts - Answer️️ -A numbering system of accounts that li...
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