Examlex
Which of the following is correct?
General Journal
A basic accounting record for entering all types of transactions before they are transferred to specific accounts in the general ledger.
Financial Statement
Documents that report on a company's financial performance and health, including the balance sheet, income statement, and cash flow statement.
Normal Balance
is the side of an account on which increases to the account are recorded, typically either a debit for assets and expenses or a credit for liabilities, equity, and revenues.
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