Examlex
Which of the following statements regarding privacy is true?
Recorded By Credits
Transactions that increase liabilities, equity, or revenue, or decrease assets or expenses, reflected in the accounting records.
Increases
A rise in the value or quantity of something, such as assets, revenue, or profits.
Recorded By Debits
Transactions in accounting that increase assets or expenses and decrease liabilities, equity, and revenue, captured on the left side of an account.
Decreases
A reduction in the quantity, level, or intensity of something, such as expenses, assets, or liabilities.
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