Examlex
Which of the following best describes Leon's attempts to be more like his colleagues from marketing?
Credits
Credits refer to the accounting entries that can decrease assets or increase liabilities and equity on a company's balance sheet, opposite to debits.
Transactions
Financial events that affect the assets, liabilities, or equity of a company and can be measured in monetary terms.
Journal
A record where all financial transactions are entered initially, before being posted to individual accounts in the ledger, following the double-entry bookkeeping.
Chronologically
In the sequence of time, where events or records are arranged in the order of their occurrence.
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