Examlex
The photoreceptors in your eye are called rods and cones.
Debit
An accounting entry that increases an asset or expense account, or decreases a liability or equity account.
Cash Discount Period
A specific time frame during which a buyer can pay less than the full amount due by taking advantage of a discount offered.
Liability Account
A financial accounting term for amounts owed by a business to creditors or others, usually categorized as current or long-term.
Asset Account
An account that records the value of resources owned by an entity which have economic value and can provide future benefits.
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