Examlex
Which of the following governs issues arising between parties in regard to private rights?
Debits
Entries that are made on the left side of an account, representing an increase in assets or expense accounts or a decrease in liability, equity, or revenue accounts.
Credits
Accounting entries that increase liabilities or decrease assets, representing the opposite of debits in the double-entry bookkeeping system.
Highly Leveraged
Describes a company or investment that has a high level of debt relative to equity, indicating a potentially higher risk and return profile.
Debt
An amount of money borrowed by one party from another, under the condition that it is to be paid back at a later date, usually with interest.
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