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Aristotle's formal principle of justice states,
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.
Rent Expense
The cost incurred for renting a property or equipment, recognized as an expense on the income statement.
Debit Cash
An accounting entry that increases the cash balance in a company's books, indicating inflows of money or equivalent.
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