Examlex
Which of the following is a true statement about the number of declared undergraduate computer science majors based on data from the National Center for Education Statistics?
Revenues
The total income generated from normal business operations and other activities, such as the sale of goods or services.
Credit
An accounting entry that either increases a liability or equity account, or decreases an asset or expense account. It is also used in banking to denote a positive balance.
Debits
Financial entries that represent an increase in assets or expenses or a decrease in liabilities, equity, or income on a company's balance sheet or income statement.
Credits
Entries in the accounting system that can decrease assets or increase liabilities and equity on a company’s balance sheet, reflecting the decrease in the company's resources or increase in claims against those resources.
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