Examlex
The elaboration likelihood model (ELM) was developed to explain the process by which persuasive communications influence:
Debiting
The process of recording an entry on the left side of the accounting ledger, which increases asset or expense accounts and decreases liability, equity, or revenue accounts.
Crediting
The process of making an entry on the right side of an account in double-entry bookkeeping, indicating an increase in liabilities, equity, or revenue, or a decrease in an asset or expense.
Salaries Payable
A liability account representing amounts owed to employees for work performed and not yet paid.
Debit Postings
Entries made on the left side of an account, indicating an increase in assets or expenses or a decrease in liabilities, equity, or revenue.
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