Examlex
Berkeley accepts Locke's distinction between primary and secondary qualities and holds that the former inheres in real objects.
Debit
A record in accounting that causes assets to grow or liabilities to shrink on a firm's balance sheet.
Account Title
The name given to an account in the general ledger that reflects the type of asset, liability, equity, revenue, or expense it represents.
Credit Side
The right side of an account record in double-entry bookkeeping, used to record increases in liability, equity, and revenue accounts, and decreases in asset and expense accounts.
Prepaid Expenses
Payments made in advance for goods or services to be received in the future, considered as a current asset on the balance sheet.
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