Examlex
Which reaction accounts for the fact that the pH of rain is naturally slightly acidic?
Period-To-Period Consistency
An accounting principle ensuring the application of the same accounting methods and principles from one period to the next to ensure financial comparability.
Debits
Accounting entries that increase assets or expenses or decrease liabilities or equity on a company's balance sheet.
Credits
Accounting entries that increase liabilities or equity or decrease assets, representing the opposite effect of debits in the double-entry bookkeeping system.
Contra Account
An account used in the general ledger to reduce the value of a related account when the two are netted together.
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