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While studying memory loss caused by brain injuries, psychologists found that the patients, who could not explicitly recall words presented earlier, would actually say these words unconsciously when asked to say any word that begins with a certain letter. Being able to tap into memories that the patients were unaware they had by giving them the first letter of a word illustrates the use of
Rent Expense
An expense account that records the cost incurred by a business to utilize property or equipment for operations.
Debit
An accounting entry that increases an asset or expense account, or decreases a liability or equity account, reflected on the left side of an account.
Credit
An accounting entry that either increases a liability or equity account, or decreases an asset or expense account. It is also used to refer to the provision of resources by a credit provider to a borrower.
Expenses
Costs incurred in the process of earning revenues, generally categorized as operating or non-operating.
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