Examlex
Table and figures should be numbered
Debits
An accounting entry that increases an asset or expense account, or decreases a liability or equity account.
Credits
Entries in accounting that increase liabilities or equity or decrease an asset or expense.
Transaction Recording Process
The systematic approach of documenting financial transactions in the accounting records of a business, ensuring accuracy and completeness.
Analyze
The process of examining data or information to break it down into its components, understand its structure, and identify patterns or relationships.
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