Examlex
Which of the following would NOT appear in the operating activities section of a statement of cash flows using the direct method?
Credits
In accounting, credits refer to an entry on the right side of a double-entry bookkeeping system that increases liabilities, equity, or revenue or decreases an asset or expense account.
Trial Balance
A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns to ensure a company's bookkeeping system is mathematically correct.
Ledger Accounts
Individual records that summarize transactions related to a specific account within the general ledger.
Debits
An accounting entry that results in either an increase in assets or a decrease in liabilities or equity on a company's balance sheet.
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