Examlex
Researchers have found that:
Journal Entries
An accounting action recorded through the logging of debits and credits across accounts, forming the basis for building financial statements and tracking financial transactions.
Debits And Credits
The two sides of accounts in double-entry bookkeeping; debits represent increases in assets or expenses and decreases in liabilities or equity, while credits do the inverse.
Slide
An error in which the entire number is moved one or more spaces to the right or the left, such as writing $542.00 as $54.20 or $5,420.00.
Accounting Equation
A fundamental principle of accounting expressing the relationship between assets, liabilities, and equity.
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