Examlex
What is used to conveniently determine longitude at sea?
Cash Payment
The act of settling a debt or transaction by transferring money to another party.
Cash Account
A financial account that records cash transactions including receipts and payments.
Credit
A financial record that raises a liability or equity account, or reduces an asset or expenditure account.
Debit
A debit is an accounting entry that results in either an increase in assets or expenses or a decrease in liabilities or equity on a company's balance sheet.
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