Examlex
Throughout most of adulthood,small but steady gains occur in some aspects of:
Accounts Payable
A liability account on the balance sheet representing money owed by a company to its creditors or suppliers for purchases made on credit.
Credit Column
The section of an accounting record where increases in liabilities, revenues, and equity accounts are recorded.
Debit Column
The Debit Column is the left-hand side of an account record in double-entry bookkeeping, used to record increases in asset, expense, and loss accounts, and decreases in liability, equity, and revenue accounts.
General Journal
A primary accounting record used to document all financial transactions in chronological order.
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