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Financial Information
This encompasses all the data regarding the financial status, performance, and changes in financial position of an entity.
Normal Balance
The side (debit or credit) of an account that is increased. For example, assets increase on the debit side, while liabilities increase on the credit side.
Chronological Order
The arrangement of events, numbers, or actions in the sequence that they occurred or were performed.
Debit Normal
Refers to accounts that are increased with a debit transaction and have a natural debit balance, such as assets, expenses, and losses.
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