Examlex
Hypnosis:
Transposition
An error in which the order of the digits is changed, such as writing $542 as $452 or $524.
Journalizing
The procedure of logging company transactions in a journal, forming a part of the cycle of accounting.
Debit
An accounting entry showing an increase in assets or expenses or a decrease in equity, liabilities, or revenue.
Credit
An accounting entry that increases liabilities or equity, or decreases assets, reflecting the value of transactions where goods, services, or cash are received.
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