Examlex
What is the purpose of an SWI complex?
Credit
An accounting entry that increases liabilities and equity or decreases assets, and in financial terms, it refers to the provision of resources (such as funds) by a creditor to a borrower.
Compound Entry
An accounting entry that involves more than two accounts, where there are multiple debits, multiple credits, or both in a single transaction.
Account
A summary document that captures every transaction associated with an individual entry in the accounting balance equation.
Financial Information
This encompasses all the data regarding the financial status, performance, and changes in financial position of an entity.
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