Examlex
You have collected data on the annual average amount of cash rebate offered by 6 different brands of automobiles sold in the United States in 2006 and 2007. Which of the following is the best for presenting the data?
Ending Balance
The final amount in an account at the end of a reporting period, after all additions and subtractions have been accounted for.
Revenue Account
An account that records the income earned by a company from its business activities.
Debit
A bookkeeping record that raises the value of an asset or expense, or reduces the value of a liability or equity.
Expense Account
An account used to record expenditures incurred by a company, relating to its operational activities.
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