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    Fundamental accounting model, debit/credit,T-account

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    Need help answering questions and need example to get full understanding.

    1. What is the fundamental accounting model?
    2. Explain what debit and credit mean?
    3. What is a journal entry?
    4. What is a T-account? What is its purpose?

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    https://brainmass.com/business/accounting/fundamental-accounting-model-debit-credit-taccount-490880

    Solution Preview

    Need help answering questions and need example to get full understanding.

    1. What is the fundamental accounting model?
    2. Explain what debit and credit mean?
    3. What is a journal entry?
    4. What is a T-account? What is its purpose?

    Fundamental accounting model =Is made up of records, Ledger ...

    Solution Summary

    The solution discusses the fundamental accounting model, debit/credit, and t-account.

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