Examlex
Which one of the following statements about megachurches is false?
Credit
An accounting entry that either decreases assets or increases liabilities and equity on a company's balance sheet, or an entry on the right side of a double-entry bookkeeping system that represents the addition of value to an account.
Debit
An accounting entry that increases assets or expenses or decreases liabilities, equity, or revenue.
Chart Of Accounts
A systematic list of all account titles and numbers used by an organization to organize its financial transactions systematically.
Accounts Used
Refers to the specific ledgers, charts, or titles under which financial transactions are categorized and recorded in accounting.
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