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In the event of breach of contract, a claimant's contributory negligence may contribute to his losses suffered without breaking the chain of causation. Where the claimant's action in damages is contractual, when will his contributory negligence reduce his award under the Law Reform (Contributory Negligence) Act 1945?
Trial Balance
A trial balance is a bookkeeping worksheet wherein the balances of all ledgers are compiled into debit and credit account columns to ensure total debits equal total credits.
Debits
Debits are accounting entries that increase asset or expense accounts, or decrease liability, equity, or revenue accounts.
Credits
Entries in accounting that increase liabilities or equity accounts, or that decrease asset or expense accounts, reflecting the sources of funds.
Horizontal Analysis
A financial analysis technique that compares historical financial data over a series of periods to identify trends and growth patterns.
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