Debits are not bad and credits are not good

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Reference no: EM132083722

1. What is meant by the statement “debits aren’t bad and credits aren’t good”?

2. Have you or someone you know been through downsizing? Was it handled at all as in our text? Did you feel employees were respected? How could it have been handled better?

3. What is the difference between the cash basis of accounting and the accrual basis of accounting? Which basis is used most often in accounting and why?

Reference no: EM132083722

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