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Identify and define at least two ways to determine internal consistency.
Recorded Increases
Entries in financial records that reflect an increase in assets, revenues, or any account that adds to the net worth or net income of a company.
Debited
In accounting, this term indicates that an entry has been made to the left side of an account, increasing assets or expenses, or decreasing equity, liability, or revenue.
Proprietorship
A business structure owned by a single individual, where the owner is personally responsible for the business's debts and liabilities.
Withdrawal
Removing funds from an account, or the act of taking money out from a partnership or investment, often referring to the distribution of assets to owners or partners.
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