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Which of the conditions must be satisfied in order to justify the inference of a possible causal relationship between two variables? i. Concomitant variation
Ii) Time order of occurrence of variables
Iii) Absence of other possible causal factors
Iv) Sterile measurement environment
Two-Column Journal
A fundamental accounting record with two columns used for debits and credits to record financial transactions.
Debit
An accounting entry that increases an asset or expense account, or decreases a liability or equity account. It is positioned on the left side of an account ledger.
Credit
An accounting entry that increases the balance of liabilities and equity accounts or decreases the balance of an asset or expense account.
Horizontal Analysis
A financial analysis technique that evaluates the changes in the amounts of financial statement items over a period.
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