List and Define Some of the Important Shifts That Have

question 158

Essay

List and define some of the important shifts that have taken place in business and marketing practices.

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Definitions:

Decrease Side

The side of an account used to record decreases in assets, expenses, or increases in liabilities and equity.

Ledger

A comprehensive collection of a company's financial transactions, organized by account.

Alphabetical Order

A method of sorting by arranging items according to the sequence of letters in the alphabet.

Credits

In accounting, credits are entries that decrease assets or increase liabilities and equity on a company's balance sheet, corresponding to the double-entry bookkeeping system.