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What is the difference between the punctuated equilibrium and gradual change theories of evolution?
Debit
An entry on the left side of an account record, used to increase an asset or expense or decrease a liability, equity, or revenue.
Credit
An accounting entry that increases the balance of liabilities and equity accounts, and decreases the balance of an asset or expense account.
Rent Expense
The cost incurred for renting a property or equipment, recognized as an expense on the income statement.
Debit Cash
An accounting entry that increases the cash balance in a company's books, indicating inflows of money or equivalent.
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