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Recording Process
The systematic documentation of a company's financial transactions in the appropriate accounts of its accounting system.
Debit Entries
Bookkeeping entries that increase assets or expenses, or decrease liabilities, equity, or income.
Credit Entries
Bookkeeping entries that increase the balance of liability, revenue, or equity accounts, or decrease the balance of an asset or expense account.
Both Debit And Credit Entries
Accounting entries involve both debit and credit transactions to maintain the balance in accounts, reflecting increases or decreases in assets, liabilities, and equity.
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