Instructions: Identify the Following Terms

question 59

Short Answer

Instructions: Identify the following terms.
Vishnu and Siva

Acknowledge the regulatory environment affecting corporations, especially post-financial crises.

Describe the characteristics and functions of financial intermediaries.

Understand the theoretical outcomes of corporate takeovers.

Understand the concept and importance of corporate culture in an organization.

---

Definitions:

Debit

An accounting entry that increases an asset or expense account, or decreases a liability or equity account, reflected on the left side of an account.

Credit

An accounting entry that either increases a liability or equity account, or decreases an asset or expense account. It is also used to refer to the provision of resources by a credit provider to a borrower.

Expenses

Costs incurred in the process of earning revenues, generally categorized as operating or non-operating.

Debit

An accounting entry that increases assets or expenses or decreases liabilities, equity, or revenue.