Examlex
The science of water and its global circulation, distribution, and properties is known as
Liabilities
Financial obligations or debts owed by a company to outside parties, including loans, accounts payable, and mortgages.
Credit Balance
Credit Balance refers to the amount of money a company owes to its customers, creditors, or depositors in their respective accounts.
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.
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