Examlex
Which of the following statements regarding stress is not true?
Credit
An accounting entry that represents an increase in liabilities or equity or a decrease in assets, opposite of a debit.
Offset Side
The side of a transaction that counterbalances the primary entry, ensuring the accounting equation remains balanced.
Increase Side
The side of an account on which increases are recorded, depending on the type of account it could be the debit or credit side.
Right Side
In accounting, refers to the credit side of a ledger account, opposite to the left or debit side, showcasing the sources of funds or increases in liabilities or equity.
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