Examlex
Exchanges have become one of the most popular types of Net marketplace because they encourage competitive bidding that drives prices down.
Analyzing Transactions
The process of examining financial transactions to determine their impact on the financial status of an entity.
Ledger
A detailed financial statement showing all the transactions of a business, used to compile the financial statements.
Unadjusted Trial Balance
A list of all the general ledger accounts and their balances at a specific time before any adjusting entries are made.
Accounting Cycle
The collective process of recording and processing all financial transactions of a company, from when the transaction occurs, to its representation on financial statements, followed by closure of accounts.
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