Examlex
Which sentence uses correct capitalization?
Accounting Equation
The basic principle underlying accounting that asserts that Assets = Liabilities + Equity, illustrating the balance among what a company owns and owes at any point in time.
Asset Accounts
Accounts that record the resources owned or controlled by a company that have future economic value.
Journal Entry
An accounting transaction recorded in a company's financial records, which includes a description, the accounts affected, and the amounts debited and credited.
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