Examlex
A multicellular organism like a rabbit will be _______________.
T Account
The simplest form of an account, which consists of an account title, a debit side, and a credit side.
Debit
An accounting entry that increases an asset or expense account, or decreases a liability or equity account. It is positioned on the left side in accounting records.
Credit
Credit refers to the trust which allows one party to provide resources (money, goods, services) to another party wherein the second party does not reimburse the first party immediately but promises to return or repay those resources (with or without interest) at a later date.
Cash Account
An account that records all transactions involving the exchange of cash.
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