Examlex
The wheels on a truck are turning at 550 revolutions per
minute as the truck travels at 55 miles per hour. What is
the radius, in inches, of the wheels on the truck?
Debit
An accounting entry that increases assets or expenses or decreases liabilities, equity, or revenue.
Credit
The granting of a loan and the creation of debt; any form of deferred payment.
Normal Balance
The typical side (debit or credit) on which an account increases, depending on the type of account.
Debit Balance
A balance in a financial account where the total debits exceed the total credits, common in asset and expense accounts.
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