Examlex
The "frequency" part of the "act frequency approach" represents how often an individual performs a behaviour in a period of time. This element of the act frequency approach is assessed by act ratings.
Asset Account
An account on a company's balance sheet that represents tangible or intangible items of value owned by the company.
Liability Account
An accounting record that represents a company's legal debts or obligations that arise during business operations.
Other Accounts
Other accounts generally refer to miscellaneous financial accounts on a company's balance sheet that don't fit into standard categories like assets, liabilities, or equity.
Debit Entry
An accounting entry that results in either an increase in assets or expenses, or a decrease in liabilities or equity, on a company's balance sheet.
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