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How are debits and credits used to record the transactions

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Reference no: EM132276434

Question: Answer each in at least 100 words

• How are debits and credits used to record these transactions?

• What criteria are considered when identifying a business transaction?

• Provide citation and reference to the material(s) you discuss. Describe what you found interesting regarding what factors determine the debit or credit entries, and why.

• Describe how you will apply that learning in your daily life, including your work life.

• Describe what may be unclear to you, and what you would like to learn.

Reference no: EM132276434

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