Examlex
The change in the value of capital is
General Journal
A basic accounting record where all day-to-day financial transactions of a company are initially recorded in chronological order.
Adjusting Entries
Journal entries made at the end of an accounting period to allocate income and expenditures to the appropriate period for an accurate financial statement.
Cost Method
An accounting method used to value an investment, where the investment is recorded at its acquisition cost and dividends are recorded as income.
Elimination
The process in accounting of removing the effects of inter-company transactions to avoid double counting in consolidated financial statements.
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