Examlex
Which of the following accurately describes results of the 2015 elections as they relate to the smaller British parties?
Debit Side
The Debit Side of an account records increases in assets or expenses and decreases in liabilities, equity, and income in double-entry bookkeeping.
Rules Of Debit
Rules governing the increase or decrease in account balances within the double-entry bookkeeping system, where debits typically increase assets or expenses and decrease liabilities, equity, and revenue.
Credit Side
The right side of an accounting entry, indicating increases in liabilities, revenues, and equity, and decreases in assets and expenses.
Normal Balance
The side (debit or credit) on which increases to an account are recorded, depending on the type of account.
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