Examlex
You are looking up airline schedules on the Internet.A bar at the top of the website reads, "Stay at Holiday Inn and get a 25 percent discount!" This is a(n) ________.
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Debits
In accounting, an entry recorded on the left side of a double-entry bookkeeping system that increases an asset or expense account, or decreases equity, liability, or revenue accounts.
Debit
A debit is a bookkeeping entry that leads to an increase in a company's assets or expenses or a reduction in its liabilities or equity on the balance sheet.
Asset Accounts
Accounts that appear on a balance sheet and represent tangible and intangible items owned by a business that have value.
Liability Accounts
These accounts record obligations or amounts owed by a business to creditors, which can include loans, accounts payable, mortgages, and other debts.
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