Examlex
Which of the following statements is NOT a feature of financial markets?
Debit Postings
Entries made on the left side of an account, increasing the balance of assets and expenses or decreasing liabilities and equity.
Credit Postings
Entries made on the credit side of an account ledger, indicating an increase in liability, revenue, or equity accounts, or a decrease in asset or expense accounts.
Liability Account
An accounting record used to track obligations the company owes to others, such as loans, leases, or accounts payable.
Expense Account
An account in which businesses record and track expenditures related to specific activities, such as travel or entertainment, for accounting purposes.
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