Examlex
The formal charges on Cl and O in the structure shown for the ClO- ion are,respectively
Credit
An accounting entry that either increases a liability or equity account, or decreases an asset or expense account. It is also used to refer to the provision of resources by a credit provider to a borrower.
Expenses
Costs incurred in the process of earning revenues, generally categorized as operating or non-operating.
Debit
An accounting entry that increases assets or expenses or decreases liabilities, equity, or revenue.
Credit
The granting of a loan and the creation of debt; any form of deferred payment.
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