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What is the SI unit of energy?
Liability Accounts
Financial obligations or debts of a business that are recorded on its balance sheet.
Asset Accounts
These accounts record resources owned or controlled by a company that have economic value and can provide future benefits.
Debit Side
The left side of a T-account, used for recording increases in assets and expenses or decreases in liabilities, equity, and income.
Credit Side
The right side of an accounting ledger where increases in liabilities, equity, and revenues or decreases in assets and expenses are recorded.
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