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An egg is placed at the bottom of a bowl filled with water. Salt is slowly added to the water until the egg rises and floats. From this experiment, we conclude that
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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