Examlex
Accounting changes by the Financial Accounting Standards Board (FASB) in the US:
Credit Side
The section of an account where increases in liabilities, equity, and revenue, or decreases in assets and expenses are recorded.
Chart Of Accounts
A systematic listing of all the accounts used by an organization, representing different types of transactions.
Intangible Items
Assets that do not have a physical form yet are valuable because of the advantages or rights they confer to a business, like patents or trademarks.
Physical Items
Tangible objects or goods that can be seen, touched, and measured.
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