Examlex
Which of the following groups contains all minerals?
Debits
In accounting, debits are entries on the left side of an account ledger, indicating increases in asset or expense accounts, or decreases in liability, equity, or revenue accounts.
Credit
An accounting entry that represents an increase in liabilities or equity or a decrease in assets, opposite of a debit.
Offset Side
The side of a transaction that counterbalances the primary entry, ensuring the accounting equation remains balanced.
Increase Side
The side of an account on which increases are recorded, depending on the type of account it could be the debit or credit side.
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