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Ethical formalism is a/an _________ theory.
Journal Entry
A record in the books of accounts that represents each business transaction, detailing the accounts and amounts to be debited and credited.
Debit
An entry recorded on the left side of an accounting ledger that increases an asset or expense account, or decreases equity, liability, or revenue accounts.
Credit
An accounting entry that either increases a liability or equity account, or decreases an asset or expense account.
Internal Report
Documents generated within an organization for the purpose of informing internal stakeholders about business performance and operations.
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