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Question 5
Most universities group accounts into five basic types:
O Asset, credit, debit, benefits, revenue
O Asset, debit, liability, revenue credit
O Asset, liability, net assets, revenue and expense
Fig: 1
Most universities group accounts into five basic types:
O Asset, credit, debit, benefits, revenue
O Asset, debit, liability, revenue credit
O Asset, liability, net assets, revenue and expense
Fig: 1
