Examlex
Match the event with the most appropriate term.
-different species of shrimp evolving on either side of the Isthmus of Panama
Normal Balance
The side (debit or credit) on which increases to an account are recorded, depending on the type of account.
Liability Account
An accounting record that represents a company's legal debts or obligations that arise during the course of business operations.
Revenue Account
An account that tracks the income generated from a company's primary operations.
Asset Account
An account on a balance sheet representing the resources owned by a company, with future economic benefit.
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