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Advocard [28]
3 years ago
9

The databases of a business often include a great deal of information about the firm's customers.

Business
1 answer:
anygoal [31]3 years ago
8 0
<span>True.  </span>The databases of a business often include a great deal of information about the firm's customers. Company's keep track of many things within their databases from inventory, to workers to their customer base. When customers purchase items it stores their info and frequency when purchasing to allow the company to see how often they purchase and what they purchase. 
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The following are several of the accounts from a recent balance sheet.
Burka [1]

Answer:

<u>Account Name</u>      <u>Balance Sheet Classification</u>    <u>DR or CR Balance </u>

1. Accounts Receivable                    CA                       Debit

2. Prepaid Expense                    CA                        Debit

3. Inventories                                    CA                       Debit

4. Long-Term Debt                   NCL                 Credit

5. Cash and Cash Equivalent    CA                 Debit

6. Accounts Payable                    CL                 Credit

7. Income Tax Payable                    CL                 Credit

8. Contributed Capital                    SE                         Credit

9. Property Plant and Equipment    NCA                 Debit

10. Retained Earning                    SE                  Credit

11. Short-Term Borrowing            CL                 Credit

12. Accrued Liabilities                    CL                 Credit

13. Goodwill (an Intangible Asset)  NCA                 Debit

 

Explanation:

6 0
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