is the term used used to represent the portion of a catastrophic financial loss that must be covered by th insured before the in
1 answer:
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Answer:
Explanation:
We must do ledger for each accounts, most of them only got one transaction so we just post them directly.
For cash we must do it as there are several transaction:
CASH
<u>DEBIT CREDIT</u>
18,000
(7,540)
(4,600)
(890)
36,000
<u> (3,370)</u>
37,600
Assets and expenses goes into debit column
Liabilities, equity and revenues into credit column