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Debit
An accounting entry that increases an asset or expense account, or decreases a liability or equity account. It is positioned on the left side of an account ledger.
Credit
An accounting entry that increases the balance of liabilities and equity accounts or decreases the balance of an asset or expense account.
Horizontal Analysis
A financial analysis technique that evaluates the changes in the amounts of financial statement items over a period.
Sales
The total amount of goods or services sold by a company during a specific period of time, indicating the company's primary revenue generation activity.
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