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Credit Entries
Accounting entries that increase liabilities or equity or decrease assets, reflecting gains to a company's balance sheet.
Expense Account
An income statement account that represents the cost of goods sold or services provided to generate revenue.
Credit Balance
A credit balance occurs when the total credits in an account exceed the debits, often seen in liability, revenue, and equity accounts.
Capital Account
An account on a company's balance sheet that represents the owners' stake or equity in the company.
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