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If the customer pays the invoice, the accountant credits accounts receivables and debits hard cash. Double-entry accounting is also called balancing the guides, as most of the accounting entries are balanced from each other. Closing journal entries are made at 12 months-close to organize momentar

We intention to reply to queries within just five hours but please Take note that replies might consider longer during chaotic intervals The pic underneath is below far more for reference and the coloured arrows point to the exact same options pointed out in the description of the 2824 earlier me

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