Examlex
It is important for safety professionals to go beyond just maintaining the typical slip and fall prevention program and apply practical strategies.
Double-Entry Accounting
An accounting method requiring every financial transaction to be recorded in two accounts, one debit and one credit, to keep the accounting equation balanced.
Debits
Accounting entries that increase assets or expenses or decrease liabilities, equity, or revenue, recorded on the left side of an account.
Credits
Entries on the right-hand side of an accounting ledger, indicating increases in liability, equity accounts, and revenue, or a decrease in assets.
Debit Side
The left side of a ledger account that is used to record increases in assets, expenses, and decreases in liabilities, equity, and income.
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