Examlex
Which of the following is crucial for high-priced consumer products such as homes and cars?
Increase
An uptick in size, number, value, or strength.
Posting
The process of transferring journal entry amounts to respective accounts in the ledger.
Equality
A principle ensuring that individuals are treated similarly, without any discrimination based on race, gender, ethnicity, religion, or social status.
Debits and Credits
The two sides of every financial transaction in accounting. Debits increase assets or expenses and decrease liabilities or equity, whereas credits do the opposite.
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