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The Angle Between True North and the Direction in Which

question 59

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The angle between true north and the direction in which a compass needle points is called the angle of


Definitions:

Debit

An accounting entry that increases assets or expenses or decreases liabilities, equity, or revenue.

Credit

The granting of a loan and the creation of debt; any form of deferred payment.

Normal Balance

The typical side (debit or credit) on which an account increases, depending on the type of account.

Debit Balance

A balance in a financial account where the total debits exceed the total credits, common in asset and expense accounts.

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