Examlex
The j operator is considered a:
Permanent Account
An account that carries its ending balance over from one accounting period to the next, such as assets, liabilities, and equity accounts.
Doubtful Accounts
Accounts receivable that a company believes it may not be able to collect, often leading to the creation of an allowance for doubtful accounts.
Debits
An accounting entry that results in either an increase in assets or a decrease in liabilities on a company's balance sheet or in its income statement.
Credits
An accounting entry that either increases liabilities and equity or decreases assets, reflective of the dual-entry bookkeeping system.
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