Examlex
The Cascadia Fault, located offshore of the U.S. West Coast, is the dominant earthquake fault in North America.
Three Column Form
A documentation format usually used in accounting and bookkeeping that showcases debits, credits, and balance for individual accounts.
Debit
An accounting entry that either increases an asset or expense account, or decreases a liability or equity account.
Credit
An accounting entry that increases liabilities and equity or decreases assets, reflecting a transaction such as the sale of goods on account.
Balance
The amount of money in a financial account, or the difference between the total debits and credits recorded in an account.
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