asked 213k views
1 vote
Record the following transactions on the books of Linda's Merchandising.

A) Debits
B) Credits
C) Ledgers
D) Invoices

asked
User Tanj
by
8.6k points

1 Answer

1 vote

Final answer:

Debits, credits, ledgers, and invoices are all important aspects of recording transactions in a business.

Step-by-step explanation:

A) Debits are recorded on the left side of an account and represent an increase in assets, expenses, or withdrawals, while B) Credits are recorded on the right side of an account and represent an increase in liabilities, revenues, or capital.

C) Ledgers are books that contain a record of all the financial transactions of a business. D) Invoices are documents that provide a detailed account of goods or services provided, including the quantities, prices, and payment terms.

answered
User M Alkhatib
by
8.4k points
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