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When power is viewed as expandable and bi-directional, it is seen
Debit
An entry on the left side of an account, indicating an increase in assets or expenses or a decrease in liabilities, equity, or income.
Salary Expense Account
An account that tracks the total amount paid to employees for services rendered during a specific period.
Credit Entries
Accounting entries that increase liabilities or decrease assets, typically reflecting incoming payments or the granting of credit to a customer.
Transactions
Financial activities or events that affect the financial position of the company.
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