Examlex
Which of the following trailers should be used to haul dry cement?
Credit
An entry on the right side of an accounting ledger representing an increase in liabilities or income, or a decrease in assets or expenses.
Contra Accounts
Accounts used to offset or reduce the balance of another account, usually appearing on the balance sheet.
Merchandiser
A business or person that purchases goods for resale at a profit.
Debit Balances
Accounts on the left side of the double-entry bookkeeping system that typically include assets and expenses, increased by debits.
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