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Many of the values one holds as a student teacher
Revenue Accounts
Accounts recording the income a company generates from its operations, not related to its investments or other sources.
Gain Accounts
Accounts reflecting increases in equity, other than those relating to contributions from equity participants, typically from transactions and other events affecting the entity.
Debited
To be debited means an amount has been recorded on the left-hand side of a financial account, indicating an increase in assets or a decrease in liabilities.
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