Which is a credit. does net income represent a net debit, Accounting Basics

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Which is a credit. does net income represent a net debit

The business' total revenues for 2012 were $480,000, and total expenses for the year were 350,000. How much was the business's net income (or net loss) for 2012? Write the equation to compute the company's next incomes, and indicate which element is a debit and which is a credit. Does net income represent a net debit or a net credit?

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Accounting Basics: Which is a credit. does net income represent a net debit

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Accounting Basics: Which is a credit. does net income represent a net debit

Reference No:- TGS0706543

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Discuss the thoma corporations sales commissions

Q : Explain system with four activities

Q : How much would jason capital account increase

Q : How can access the total amount of the companys merchandise

Q : Which is a credit. does net income represent a net debit

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Q : What should groovy movies charge

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Which is a credit. does net income represent a net debit

Reference No:- TGS0706543

Recent Questions Asked Accounting Basics

Q : Discuss the thoma corporations sales commissions

Q : Explain system with four activities

Q : How much would jason capital account increase

Q : How can access the total amount of the companys merchandise

Q : Which is a credit. does net income represent a net debit

Q : What is the amount of earnings per share in year

Q : Why a current liability is a liability

Q : What should groovy movies charge

Q : What is the difference between a price ceiling

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