Examlex
Costs of a system end when the system is installed.
Debit Side
The left side of an accounting ledger where debits are recorded, typically increasing assets or decreasing liabilities and equity.
Credit Side
The side of an accounting ledger where increases in liabilities, income, and equity are recorded, as well as decreases in assets.
Debit Balance
An accounting entry that shows a company owes money or has an asset; it appears on the left side of a ledger.
Right Side
In accounting, typically refers to the credit side of a double entry bookkeeping system.
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