Examlex
Res Privata literally translates to "public thing."
Debits
Accounting entries that increase assets or expenses or decrease liabilities, equity, or net worth in a company's balance sheet.
Credits
Credits refer to the accounting entries that can decrease assets or increase liabilities and equity on a company's balance sheet, opposite to debits.
Transactions
Financial events that affect the assets, liabilities, or equity of a company and can be measured in monetary terms.
Journal
A record where all financial transactions are entered initially, before being posted to individual accounts in the ledger, following the double-entry bookkeeping.
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