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When dealing with physical differences in the classroom,teachers should:
Credit Side
The section of an account where increases in liabilities, income, and equity are recorded, as opposed to the debit side, which records increases in assets and expenses.
Normal Credit Balance
The usual balance side of an account that increases its value, typically used for liabilities, revenues, and equity accounts.
Withdrawals
Money taken out from a business by its owner(s) for personal use, reducing the owner's equity in the business.
Assets
Economic resources owned by a business or individual that are expected to benefit future operations.
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