Examlex
Which of the following bands are NOT used by the Earth-sensing satellites mentioned in the text?
Total Debits
The sum of all debit entries in an account, which can represent increases in assets or expenses, and decreases in liabilities, equity, and income.
Total Credits
The sum of all credit entries in an accounting system, representing the total amount by which liabilities, equity, and revenue accounts increase.
Trial Balance
An accounting report that lists the balances of all ledgers accounts in order to ensure that total debits equal total credits.
Financial Transaction
A financial transaction refers to an agreement, or communication between a buyer and seller to exchange an asset for payment. It involves a change in the status of the finances of two or more businesses or individuals.
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