Examlex
Use a matrix approach to solve the system.
Credit Accounts
Accounts within financial accounting that are increased with a credit entry, carrying a balance that could be beneficial (revenue, gains) or detrimental (liabilities, expenses).
Journal Entry
A record in accounting that logs the debit and credit parts of a transaction in the financial records of a company.
Journal
A record where all financial transactions are initially recorded, using debits and credits, before being posted to individual accounts.
Increase Side
Refers to the side (debit or credit) of an account that is used to increase its balance, varying by account type.
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