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Increase And Decrease
General terms referring to the upward or downward movement in value, quantity, or level of something over time.
Compound Journal Entry
An accounting journal entry that involves more than two accounts, where there is at least one debit and two or more credits, or vice versa.
Debits
Financial transactions that increase assets or decrease liabilities or equity on a company's balance sheet.
Credits
Accounting entries that increase liabilities or decrease assets, representing the source of value in transactions.
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