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Trial Balance
Trial Balance is a statement which contains the closing balances of all the ledger accounts as of a particular date. It has two sides: debit and credit to enter the respective closing balances of ledger accounts. The main purpose of running a trial ...
Debit
Debit means an entry recorded for a payment made or owed. A debit entry is usually made on the left side of a ledger account. So, when a transaction occurs in a double entry system, one account is debited while another account is credited. An account ...
Balance Sheet
The Balance Sheet provides the details of assets owned and liabilities owed by a business. It is also an important document to assess the long term financial position and the net worth of a business. A balance sheet will have two sides which ...
Block Size
Blocks are some of the smallest components in a blockchain ledger. Essentially, blocks are bundles of transaction data clumped together, which are later combined in a chain that forms the distributed ledger. Block size is pretty straightforward — it ...
Bid Price
The highest price that a buyer is willing to pay for a certain product or service is known as the bid price. It is the amount of money that buyers offer for an item, such as a commodity, security, or cryptocurrency, in the context of financial ...