Examlex
Which selection below is NOT a primary source?
Debit
An accounting entry that increases an asset or expense account, or decreases an equity, liability, or revenue account.
Credit
An accounting entry representing an increase in assets or decrease in liabilities, and is also commonly used to refer to the provision of funds based on a trust agreement.
Transactions
The exchange of goods, services, or funds between two or more parties, forming the basis for recording in financial accounts.
Ledger
A comprehensive collection of a company's accounts, in which transactions are recorded from the journal and summarized, showing current balances.
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