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Figure:
Use the following figure to answer question.
-This figure shows a dihybrid cross.What does "a" represent?
Increases and Decreases
Terms referring to the changes in financial statement amounts from one period to another, affecting assets, liabilities, revenues, and expenses.
Types of Accounts
Categories into which financial transactions are grouped in accounting, such as assets, liabilities, equity, revenue, and expenses.
Debit or Credit
Debit or credit are terms used in accounting to indicate whether an entry increases or decreases an account balance, impacting the balance sheet and income statement differently.
Normal Balance
The side (debit or credit) of an account that is typically increased. For asset accounts, it is a debit balance; for liability and equity accounts, it is a credit balance.
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