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An airplane is flying with constant speed along a horizontal circle. Is the direction of its acceleration constant?
Debit Side
The left side of an account in double-entry bookkeeping, used to record increases in assets and expenses or decreases in liabilities and equity.
Credit Side
The right side of an accounting ledger where credits are recorded, typically increasing liabilities and equity or decreasing assets.
Expenses
The money spent or costs incurred in an entity's efforts to generate revenue, representing the cost of doing business.
Withdrawals
Funds taken out from a business by its owner(s) for personal use.
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