Examlex
List and briefly discuss each of the four characteristics of social change presented in the text.
Cash Account
An account that records all transactions involving cash inflows and outflows, including receipts, disbursements, and balances.
Debited
An accounting entry that increases an asset or expense account, or decreases a liability or equity account.
Cash Receipts
The collection of money, including coins, notes, cheques, and electronic transfers, by a business from transactions involving goods or services.
Cash Account
A financial account that records cash transactions, including receipts and payments of cash.
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