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What is the first step in building an effective work team?
Revenues
The total income generated by a company from its normal business operations, before any expenses are subtracted.
Debits
Entries made on the left-hand side of an account, representing an increase in assets or expenses or a decrease in liabilities, equity, or revenue.
Increase Side
Typically refers to the side of an account (debit or credit) used to record increases in that account, varying by the type of account.
Normal Balance
The side (debit or credit) of an account that is expected to have a higher balance, considering the account type (asset, liability, etc.).
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