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Any federal,state,or local affirmative action program that uses racial or ethnic classifications as the basis for making decisions is subject to strict scrutiny by the courts.
Trial Balance
An accounting report that lists the balances of all ledgers accounts to check the mathematical accuracy of the bookkeeping system.
Debit Balance
Refers to the excess of debits over credits in an account, indicating either an increase in assets or expenses or a decrease in liabilities, equity, or income.
Debits
Entries that are made on the left side of an account, representing an increase in assets or expense accounts or a decrease in liability, equity, or revenue accounts.
Credits
Accounting entries that increase liabilities or decrease assets, representing the opposite of debits in the double-entry bookkeeping system.
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