Examlex
All of the following are examples of instrumental values EXCEPT:
Expense Accounts
Accounts used in accounting to track the consumption of economic resources or the incurrence of liabilities in the operation of a company.
Credits
Entries made on the right-hand side of an account, representing gains or increases in liabilities, income, or equity.
Debit
An accounting entry that results in either an increase in assets or a decrease in liabilities on a company's balance sheet.
Credit
An accounting entry that increases a liability or equity account, or decreases an asset or expense account.
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