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What are the two types of superordination?
Journal Entries
Records of financial transactions in the accounting system, ensuring that the debit and credit balance.
Debit
A financial record that leads to a rise in assets or a reduction in liabilities on the balance sheet of a company.
Credit Accounts
Accounts within financial accounting that are increased with a credit entry, carrying a balance that could be beneficial (revenue, gains) or detrimental (liabilities, expenses).
Journal Entry
A record in accounting that logs the debit and credit parts of a transaction in the financial records of a company.
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