Examlex
Term for identification: Franco-Prussian War
Expense Accounts
Accounts used in accounting to record all expenses transactions made by a business.
Abbreviations
Shortened forms of words or phrases used for convenience.
Debit
An entry on the left side of an account record, used to increase an asset or expense or decrease a liability, equity, or revenue.
Credit
An accounting entry that increases the balance of liabilities and equity accounts, and decreases the balance of an asset or expense account.
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