A(n) ____________________ Helps Users Analyze Information and Make Decisions

question 18

Essay

A(n) ____________________ helps users analyze information and make decisions.

---

Definitions:

Credits

Accounting entries that increase liabilities or equity or that decrease assets, representing the opposite of debits.

Debits

Entries on the left side of an accounting ledger, representing increases in assets or expenses or decreases in liabilities, equity, and revenue.

Credits

Accounting entries that increase liabilities or equity or decrease assets, typically found on the right-hand side of an accounting ledger.

Debit Side

Part of a double-entry bookkeeping system, referring to the left side of an account where increases in assets or expenses or decreases in liabilities, equity, or revenue are recorded.