Examlex
Which of the following interactions is the strongest?
Credits
Accounting entries that increase liabilities or equity accounts, or decrease asset accounts.
Personal Equipment
Tangible items owned by an individual for personal use, not for business or commercial purposes.
Cash
Currency and other liquid instruments such as checks and bank deposits that are readily available for use in transactions and other immediate needs.
Normal Credit Balance
The expected balance type for certain accounts in the general ledger, such as liabilities, equity, and revenue accounts.
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