Examlex
The first step in the following reaction is:
Balance Of An Account
The amount of money currently in an account, reflecting all credits and debits made.
Account
A record that summarizes all transactions related to a particular item, individual, or entity in the financial statements.
Title
Title refers to the legal right to own or possess something, such as real estate or an automobile, proving ownership through documents or deeds.
Debit Side
The left side of an accounting ledger where debits are recorded, typically increasing assets or decreasing liabilities and equity.
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