Examlex
________ are created by combining and customizing components from different online software applications.
Common Stock
Equity securities representing ownership in a corporation, giving holders voting rights and a share in the company’s profits through dividends.
Trial Balance
An accounting report that lists the balances of all ledgers accounts to check the mathematical accuracy of the bookkeeping system.
Debit Balance
Refers to the excess of debits over credits in an account, indicating either an increase in assets or expenses or a decrease in liabilities, equity, or income.
Debits
Entries that are made on the left side of an account, representing an increase in assets or expense accounts or a decrease in liability, equity, or revenue accounts.
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