Examlex
Analogy: EMIT is to GC/MS as __________.
Credits
Entries made on the right-hand side of an account, representing gains or increases in liabilities, income, or equity.
Debit
An accounting entry that results in either an increase in assets or a decrease in liabilities on a company's balance sheet.
Credit
An accounting entry that increases a liability or equity account, or decreases an asset or expense account.
Accounts Payable
Accounts payable are amounts owed by a company to its creditors for goods or services that have been delivered or used but not yet paid for.
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