Examlex
Whereas ________ refers to individuals' capacity to behave on their own, ________ has emotional and cognitive as well as behavioral components.
Accounts
Financial records that track transactions related to a specific asset, liability, equity, revenue, or expense category.
Simple Journal Entry
A basic accounting entry used to record transactions with only one debit and one credit.
Debit
An accounting entry that increases asset or expense accounts or decreases liability, equity, or revenue accounts.
Credit
A financial arrangement where a borrower receives something of value now and agrees to repay the lender at a later date, generally with interest.
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