Examlex
What are the two key components of the operations strategy of Federal Express?
Debits
In accounting, entries that increase asset or expense accounts, or decrease liability, equity, or revenue accounts.
Assets
Assets are possessions or properties held by a company, anticipated to yield economic advantages in the future.
Credits
An accounting entry that increases liabilities and equity or decreases an asset or expense account in double-entry bookkeeping.
Insurance Expense
The cost incurred by a business for insurance coverage, recognized as an expense over the policy period.
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