Fundamental accounting principles 20th edition instructor s manual

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CHAPTER 2 LEARNING OBJECTIVES 1. DESCRIBE HOW ACCOUNTS, DEBITS, AND CREDITS ARE USED TO RECORD BUSINESS TRANSACTIONS. 2. INDICATE HOW A JOURNAL IS USED IN. *Note: All asterisked Questions, Exercises, and Problems relate to material Accounting Principles, 11/e, Solutions Manual (For Instructor Use Only) The financial position of any business, large or small, is based on two key components of the balance sheet: assets and liabilities. Owners' equity.