Examlex
Which of the following outcomes would be most likely after a Japanese-American business session?
Debit
An accounting entry that increases an asset or expense account, or decreases a liability or equity account.
Asset Accounts
Accounts on a company's balance sheet that represent the resources owned by the company which have economic value and can provide future benefits.
Debits
Entries on the left side of an accounting ledger, representing increases in assets or expenses and decreases in liabilities or equity.
Equipment
Tangible property used in the operations of a business, often contributing to the production of goods and services, and generally considered a long-term asset.
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