Examlex
Which one of the following is considered to be money?
Account Balances
The amount of money in an account at a specific point in time, reflecting all transactions.
Credits
An accounting entry that either decreases assets or increases liabilities and equity on the company's balance sheet.
Debits
An entry recorded on the left side of a double-entry bookkeeping system that increases asset and expense accounts, and decreases liability, equity, and revenue accounts.
Journal
A chronological record of all the financial transactions of a business, used for the process of accounting.
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