Examlex
What nation joined Germany and Austria-Hungary to form the Triple Alliance in 1882?
Debit Side
The left side of a ledger account that is used to record increases in assets, expenses, and decreases in liabilities, equity, and income.
Asset Accounts
Ledger accounts that record a company's owned resources with economic value expected to provide future benefits.
Compound Entry
An accounting entry that involves more than two accounts, where there are multiple debits, credits, or both.
Three Accounts
A fundamental concept in accounting that typically refers to the three major financial statements: the balance sheet, income statement, and cash flow statement.
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