Examlex
Which of the following is the least effective way to differentiate levels of headings?
Cash Basis
An accounting method where revenues are recognized when cash is received, and expenses are recorded when cash is paid.
Debit Portion
The side of an accounting entry that increases asset or expense accounts or decreases liability, equity, or revenue accounts.
Asset Account
A category in accounting ledgers that records the increases and decreases in specific assets owned by a business.
Liability Account
An account on a company's balance sheet representing debts or obligations that the company owes to others.
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