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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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The solution discusses the fundamental accounting model, debit/credit, and 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?

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

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