Examlex
What tool provides the basic software structure for communication on the Internet?
Debit Portion
Part of a financial transaction that represents an increase in assets or expenses or a decrease in liabilities or equity, according to double-entry accounting principles.
Credit Portion
The part of a journal entry that records the increase in liabilities or equity or the decrease in assets.
Trial Balance
A financial report that lists the balances of all ledgers accounts on a specified date, used to verify that the total debits equal total credits in the accounting system.
Account Balance
The difference between the total debits and total credits in an account, representing the current amount in that account.
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