Examlex
__________ process operations produce outputs in an assembly-line structure,where employees and equipment are quite specialized in function and location.
Debit Side
Refers to the left side of a general ledger account which is used to record increases in asset and expense accounts and decreases in liability, equity, and revenue accounts.
Credit Side
The right side of an accounting ledger where increases in liabilities, equity, and revenue, or the decrease in assets, are recorded.
T Account
A visual representation of a ledger account that displays both the debit and credit sides to track the balance of financial transactions.
Chronological Order
Organizing events or actions by the order in which they occurred in time.
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