Examlex
Rotation of factors changes the interpretation of the factors while retaining the principal component patterns of loadings.
Debit Balances
Refers to the amounts owed by a company or individual that are recorded on the left side of the balance sheet, indicating expenses or assets.
Recording Process
The systematic method of capturing and documenting financial transactions in the accounting records of an organization.
Journal
A detailed record where all financial transactions of a business are initially recorded, serving as the primary source of accounting data.
Ledger Accounts
Financial records that provide a detailed account of all the transactions related to a particular item over a period.
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