Examlex
Most of the work of Congress goes on in __________.
Debit Increases
Debit increases refer to the accounting principle where increases in assets, expenses, and losses are recorded on the debit side of a ledger.
Credit Decreases
In accounting, actions that decrease liabilities or increase assets, typically reflected in the credits column of a ledger.
Account
A record that summarizes financial transactions of a specific type, such as revenue, expenses, assets, or liabilities.
Credit
An accounting entry that increases a liability or equity account, or decreases an asset or expense account.
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