Examlex
Which of the following is one of the causes of state formation?
Credits
Accounting entries that decrease assets or increase liabilities and equity on the balance sheet.
Debits
In accounting, debits are entries on the left side of an account ledger, indicating increases in asset or expense accounts, or decreases in liability, equity, or revenue accounts.
Credit
An accounting entry that represents an increase in liabilities or equity or a decrease in assets, opposite of a debit.
Offset Side
The side of a transaction that counterbalances the primary entry, ensuring the accounting equation remains balanced.
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