Examlex
Consider the following equation:
Where GHG = world annual emissions of greenhouse gases Energy = world annual amount of energy consumed GDP = world's annual gross domestic product
The ratio GHG/Energy describes
Debit
An accounting entry that increases an asset or expense account, or decreases a liability or equity account.
Asset Accounts
Accounts on a company's balance sheet that represent the resources owned by the company which have economic value and can provide future benefits.
Debits
Entries on the left side of an accounting ledger, representing increases in assets or expenses and decreases in liabilities or equity.
Equipment
Tangible property used in the operations of a business, often contributing to the production of goods and services, and generally considered a long-term asset.
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