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Why did the framers fear excessive democracy? Through what means were the framers able to limit its influence on the structure of government?
Debit Side
refers to the left-hand side of a ledger account that records increases in assets, expenses, and decreases in liabilities and equity.
Credit Side
The right side of an account in double-entry bookkeeping, typically used to record increases in liabilities, revenue, or equity.
Basic Accounting Equation
The foundational accounting principle stating that Assets = Liabilities + Equity.
General Journal
An initial record where all transactions are first entered, providing a chronological order of all financial transactions made by a business.
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