Examlex
Which of the following is true about HTML5?
Increase Side
Typically refers to the side of an account (debit or credit) used to record increases in that account, varying by the type of account.
Normal Balance
The side (debit or credit) of an account that is expected to have a higher balance, considering the account type (asset, liability, etc.).
Double-Entry Accounting
A bookkeeping system that records each transaction in two accounts, ensuring that the accounting equation (Assets = Liabilities + Equity) remains balanced.
Transaction Recorded Twice
This refers to a bookkeeping error where a financial transaction is mistakenly entered into an accounting system more than once, potentially distorting financial statements.
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