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The cash account is increased with a User: The owner's capital account is increased with a User: The delivery equipment account is increased with a User: The cash account is decreased with a User: The cash account is decreased with a DEBIT OR CREDIT
Weegy: Cash is an asset and therefore the cash account is decreased with a CREDIT. User: The delivery equipment account is increased with a DEBIT OR CREDIT User: The liability account Accounts Payable is increased with a DEBIT OR CREDIT User: The revenue account Delivery Fees is increased with a DEBIT OR CREDIT Weegy: The revenue account Delivery Fees is increased with a credit. (More)
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Asked 5/3/2013 9:33:32 AM
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Which source document do you believe is most important to the accounting process and why?
Weegy: The source document is an early document in the accounting cycle. [ It provides the information required to analyze and classify the transaction and to create the journal entries.When a business transaction occurs, a document known as the source document captures the key data of the transaction. The source document describes the basic facts of the transaction such as its date, purpose, and amount. Some examples of source documents: cash receipt cancelled check invoice sent or received credit memo for a customer refund employee time sheet ] (More)
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Asked 5/3/2013 12:48:00 PM
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