Examlex
Which term refers to communication between two people?
Debit
An accounting entry that results in either an increase in assets or a decrease in liabilities or equity on a company's balance sheet.
Credit
An accounting entry that increases liabilities or equity or represents a decrease in assets, also refers to the provision of resources based on trust.
Owner's Capital
The amount of equity a proprietor has in the business, representing the difference between the business's assets and liabilities.
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