Examlex
What is the reliability of the three components connected in series shown below?
Journal Entry
A record in accounting that represents every single transaction made by a company, detailing the financial activities.
Debits
Entries on the left side of a double-entry bookkeeping system that increase asset or expense accounts, or decrease liability, equity, or revenue accounts.
Debits
An accounting entry that results in either an increase in assets or a decrease in liabilities on a company's balance sheet or in an individual's bank account.
Assets
Resources owned or controlled by a person or company, expected to bring future economic benefits.
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