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2 2017 Week 3 AMD Ch2 Accounts
2 2017 Week 3 AMD Ch2 Accounts
• Debit:
– Refers to the left side.
– Commonly abbreviated as Dr.
• Credit:
– Refers to the right side.
– Commonly abbreviated as Cr.
Debit and credit procedures
a. Share
Capital:
b. Retained
Earnings:
Debit and credit procedures
c.Dividends: