Examlex
The final step in the process of systematically laying out all pre-work information is the creation of the:
Post Reference Column
A column in journal and ledger accounts that helps in cross-referencing entries between these two accounting records.
General Journal
A comprehensive record of financial transactions over the life of a company, listed in chronological order.
Assets
Resources owned by a company or individual that have economic value and can provide future benefits.
Debits
Accounting entries that increase assets or expenses and decrease liabilities, equity, or revenue.
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