Examlex
In the traditional square of opposition, how many kinds of relationships are there among the propositions?
Debit
An accounting entry that increases an asset or expense account, or decreases a liability or equity account. It is positioned on the left in an accounting entry.
Credit
An accounting entry that increases a liability or equity account or decreases an asset or expense account, reflecting the opposite of a debit.
Basic Accounting Equation
Assets = Liabilities + Stockholders’ Equity.
Assets
Resources owned by a business or individual that have economic value and can be converted into cash.
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