Use the table below to answer the following questions.
Table 11.1.2
-Refer to Table 11.1.2.Saving equals $100 when disposable income is
Definitions:
Right Side
In accounting, this refers to the credit side of a ledger account, opposite of the left side (debit side), reflecting increases in liabilities, equity, and revenue accounts.
Account
A record used to keep track of financial transactions within a specific category in accounting.
Credit Side
The right side of an accounting ledger where increases in liabilities, equity, and revenue accounts, or decreases in assets and expense accounts are recorded.
Normal Balance
The side (debit or credit) of an account that is typically increased. For assets and expenses, it's debit; for liabilities, equity, and income, it's credit.
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