Examlex
The neocortex:
Debit Side
The left side of an accounting ledger, where debit entries are recorded, typically indicating increases in assets or expenses, or decreases in liabilities or revenues.
Account
An accounting form used to record the increases and decreases in each financial statement item.
Stockholders' Equity
The portion of the capital of a company that belongs to the shareholders; it represents the residual assets of a company after debts and liabilities have been settled.
Debit Balance
The sum remaining in an account after all debts have been subtracted from the total credits, indicating an excess of debits over credits.
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