Examlex
The most abundant salt in seawater is_______ _.
Transaction Recorded
The act of documenting a business transaction in the company's accounting records.
Debit
A debit is an accounting entry that results in either an increase in assets or a decrease in liabilities on a company's balance sheet, or in the context of personal banking, a withdrawal from an account.
Credit
An accounting entry reflecting an increase in assets or decrease in liabilities on a company's balance sheet or an entry on the right side of an account.
Drawing
In accounting, refers to the withdrawal of cash or goods by the owner from a business for personal use.
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