Examlex
Simplify the expression.
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Debit
An accounting entry that results in either an increase in assets or a decrease in liabilities or equity on a company's balance sheet.
Bank Statement
A document issued by a bank detailing the transactions in an account over a specific period, showing deposits, withdrawals, and balances.
Cash Receipts
The total amount of cash collected by a business within a specific period, including revenues from sales, loan proceeds, interest income, and other sources.
Cash Payments
Cash payments refer to transactions where the payment for goods, services, or obligations is made using physical currency or through digital means equivalent to cash.
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