Examlex
Consider the many global problems discussed in this chapter. Of these, on which do you feel applied anthropologists can make the biggest impact? Explain your answer.
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.
Highly Leveraged
Describes a company or investment that has a high level of debt relative to equity, indicating a potentially higher risk and return profile.
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