Ashford ACC 205 Week 1 Discussions

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ACC 205 Week 1 Discussion 1

 

WEEK 1 D1Q :

  • What accounts are included in each of the six major groups of accounts?
  • State the normal balance of each of the six major groups.
  • What effect do debit and credit have on each major group?
  • How might an imbalance in debits and credits impact a business?
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