Examlex
Which type of end-feel is described as yielding compression?
Control Account
An account in the general ledger used to simplify the recording of transactions and track the total amounts for financial statement purposes, often summarizing the details that are held in a subsidiary ledger.
Special Journals
Accounting books or ledgers used for recording and categorizing specific types of transactions such as sales, purchases, cash disbursements, and cash receipts in a more efficient manner.
Merchandise Purchase
Transactions involving the buying of goods for resale in the normal course of business.
Cash Payments Journal
A financial journal that records all cash payments made by a business, including expenses, asset purchases, and debt payments.
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