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The light sensor shown would be classified as a:
Credit
A bookkeeping entry that increases the balance of liabilities and revenue accounts, or decreases the balance of an asset or expense account.
Accounts Receivable
Liabilities customers hold towards a business for the delivery of goods or services that have not been paid off.
Financial Statement
Documents that present the financial activities and condition of a business, including the balance sheet, income statement, and cash flow statement.
Statement of Retained Earnings
This report outlines the fluctuation in a company’s retained earnings over a particular accounting timeframe, incorporating elements like net profits and dividend distributions.
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