Examlex
Which of the following terms is the correct opposite for the proximal part of the body?
Account Balance
The difference between the total debits and total credits in an account, representing the current amount in that account.
Debits
Entries that increase asset or expense accounts, or decrease equity, liability, or revenue accounts, typically noted on the left side of an accounting ledger.
Credits
In accounting, credits refer to an entry on the right side of a double-entry bookkeeping system that increases liabilities, equity, or revenue or decreases an asset or expense account.
Trial Balance
A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns to ensure a company's bookkeeping system is mathematically correct.
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