Examlex
Which of the following is written as a story?
Credit Portion
The segment of a financial transaction that records a decrease in assets or an increase in liabilities on a balance sheet.
Liability Account
An accounting ledger showing the obligations or debts a company owes to others, representing claims against the company's assets.
Debit Portion
The section of a financial transaction that records the increase in assets or decrease in liabilities on the left side of an account.
Credit Portion
Refers to the part of a financial transaction that is recorded as a credit in the accounting records, increasing liabilities or decreasing assets.
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