Examlex
Exercise has a number of benefits. Which of the following is NOT one that is listed in the text?
Credits
Accounting entries that increase liabilities or decrease assets, representing the opposite of debits.
Debit
An accounting entry that increases an asset or expense account, or decreases a liability or equity account, on a company's balance sheet.
Credit
A bookkeeping record that raises either liabilities or equity or lowers an asset or expense.
Abbreviated
Refers to shortened or condensed forms of words, terms, or documents, often used to save space or time.
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