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New PowerPoint Slide – Types of Accounting Transactions

Posted by bbw in News with Comments Off on New PowerPoint Slide – Types of Accounting Transactions

Types of Accounting Transactions

Cash – Payments received or paid (Cash Sales Orders or Checks written for products or services) .

Accounts Receivable – Credit Sales of products or services (Customer invoices).

Accounts Payable – Credit Purchases of Assets (Vendor invoices).

Notes Payable – Short Term or Long Term.

General Journal Entries – Corrections or Adjustments to accounts.

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