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SIZIF [17.4K]
2 years ago
10

A business should have separate accounts for recording revenue and expenses

Business
1 answer:
Dmitriy789 [7]2 years ago
3 0

Answer:

A business should have separate accounts for recording revenue and expenses. Expenses have the opposite effect from revenue on the capital account. Temporary capital accounts are extensions of the owner's capital account. ... Revenues increase owner's equity, and increases in revenues are recorded as debits.

pls  mark me the brainliest

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