Examlex
The burning characteristics of a gasoline can be improved by converting the octane it contains into isooctane.This conversion requires the use of expensive catalysts such as
Cash Account
An account that reflects the amount of cash a company has on hand or in bank accounts, fundamental to the management of cash flows and liquidity.
Debit Balance
A situation where the debit side of an account exceeds the credit side, commonly observed in asset accounts and expense accounts.
Credited
A term used in accounting to signify an entry that increases liabilities or income, or decreases assets or expenses on the financial statements.
Investing
Investing is the act of allocating resources, usually money, with the expectation of generating an income or profit.
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