True: Purchases is a Debit entry, Sales Revenue is a Credit entry, Trade Receivables is an example of an asset, Trade Payables is an example of a liability, Expenses include rent, wages and electricity, A copy credit note is when a customer brings something back to you (the business), False: Purchases is a Credit entry, Sales Revenue is a Debit entry, Trade Receivables is an example of a liability, Trade Payables is an example of an asset, Expenses include rent, wages and furniture, A credit note is when a customer brings something back to you (the business),

Documents & Ledgers: True or False

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