Examlex
Which word goes in the second blank of the sentence above?
Credit Column
In accounting, the column in ledgers or financial statements where credits are recorded, typically indicating a decrease in assets or an increase in liabilities.
Liabilities
Financial obligations or debts a company owes to others, such as loans, accounts payable, and mortgages.
Assets
Resources owned by a company that have economic value and are expected to provide future benefits.
Revenues
The total amount of money earned by a company from its normal business activities, typically from the sale of goods and services to customers.
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