Examlex
Pink eye is called ____________.
Account Category
A classification or grouping used in accounting to organize financial transactions, such as assets, liabilities, revenue, and expenses.
Normal Balance
The side (debit or credit) of an account that is usually increased, reflecting its normal financial balance.
Financial Statement
A certified summary of all financial dealings and the fiscal posture of a business entity, a private individual, or any other party.
Contra-Asset Accounts
Accounts on a balance sheet that have a balance opposite to the normal balance of an associated account, used to lower the value of the associated assets (e.g., accumulated depreciation).
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