Examlex
In Unified Modeling Language (UML)foreign keys allow tables to be linked together in a database.
Debit Balance
The condition where the total debits exceed the total credits in an account, typically indicating assets or expenses.
Credit Balance
A balance in a financial account that indicates the amount of money owed to a creditor or the account holder; it is the opposite of a debit balance.
Closing Entries
Journal entries made at the end of an accounting period to transfer the balances from temporary accounts to permanent accounts, preparing the books for the next period.
Temporary Accounts
Revenue, expense, and drawing accounts that are closed to the owner’s capital account at the end of the accounting period.
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