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Controlled Drinking Teaching Alcoholics to Drink in Moderation

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Controlled drinking teaching alcoholics to drink in moderation


Definitions:

Debit or Credit

Debit or credit are terms used in accounting to indicate whether an entry increases or decreases an account balance, impacting the balance sheet and income statement differently.

Normal Balance

The side (debit or credit) of an account that is typically increased. For asset accounts, it is a debit balance; for liability and equity accounts, it is a credit balance.

Two-column Journal

An accounting ledger that features two columns, typically used for recording debits in one column and credits in the other, to maintain financial transactions.

Equipment Purchase

The acquisition of physical assets like machinery, tools and vehicles needed for the operation of a business.

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