Examlex
If you achieve a higher level of output for a given input, you have __________.
Trial Balance
A trial balance is a bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.
Debits
Accounting entries that can increase asset or expense accounts or decrease revenue, liability, or equity accounts.
Credits
In accounting, credits refer to a bookkeeping entry that increases a credit account or decreases a debit account on a company's balance sheet.
Stockholders' Equity
The residual interest in the assets of a corporation after deducting liabilities, representing the ownership of the company’s shareholders.
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