Examlex
Which of the following statements about lying and cheating in high school and college is accurate?
Account
A record that summarizes financial transactions of a specific type, such as revenue, expenses, assets, or liabilities.
Credit
An accounting entry that increases a liability or equity account, or decreases an asset or expense account.
Increased
A term indicating that a numerical value, quantity, or financial metric has gone up from a previous measurement.
Account
Represents a specific financial record in bookkeeping that tracks the financial transactions of a particular aspect, such as expenses or revenues.
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