Examlex
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Total Debits
The sum total of all debit entries made in a company's accounting ledger during a specific period.
Net Income
The total earnings of a company after all expenses and taxes have been deducted from revenue.
Net Loss
The result when a company's total expenses exceed its total revenues during a specific period, indicating a negative earnings performance.
Balance Sheet Credit
An entry on the right side of a balance sheet, indicating liabilities, equity, or income.
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