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Asset Account
An account on a balance sheet representing resources owned by a company with future economic value.
Debited
An accounting entry that increases an asset or expense account, or decreases a liability or equity account.
Write Checks
The process of creating checks from a business account to pay for company expenses.
Bill Paying
The process of settling invoices or bills owed to suppliers or creditors, typically involving the outflow of cash from an entity's bank account.
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