Examlex
When hardware and software deployed in the IT infrastructure adhere to open industry standards, this is an example of:
Credits
Entries in accounting that increase liabilities or equity accounts, or decrease asset or expense accounts, reflecting transactions.
Debits
Entries in accounting that are used to record increases in assets or expenses and decreases in liabilities, equity, and revenue.
Capital Balance
The amount of money that a business or individual has invested in an entity, not including profits or losses from operations.
Net Income
The residual profit of an enterprise after deducting all expenditures and tax payments from its overall revenue.
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