Examlex
The photosphere is about 100 times the diameter of the Earth, and large sunspots are largerthan our whole planet.
Purchases on Account
Transactions where goods are bought and the payment is deferred to a future date, often recorded in accounts payable.
Supplies Account
An account used in accounting to track the amount spent on supplies that have not yet been used or consumed by the business.
Debit
An accounting entry that results in either an increase in assets or a decrease in liabilities or equity on a company's balance sheet.
Credit
An entry on the right side of a ledger account, representing an increase in liabilities or equity or a decrease in assets; in a broader sense, also refers to the provision of resources by a creditor to a borrower.
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