Examlex
Kevin,the tech support person where Lorraine works,ran a Spybot software program on Lorraine's computer because she was afraid of viruses.The sweep revealed several cookies.Lorraine doesn't understand what those are and asks Kevin about them.What should Kevin tell her?
Credit Side
The right side of a financial ledger, where increases in liabilities, equity, and revenue, and decreases in assets and expenses are recorded.
Chart Of Accounts
A numbering system of accounts that lists the account titles and account numbers to be used by a company.
Account Balance
The difference between the debits and credits recorded in an account, representing the net value at a point in time.
Compound Entry
In accounting, it refers to a journal entry that involves more than two accounts whereby multiple debits and/or credits are made.
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