Examlex
Pure comparative negligence requires the defendant to be more than 50 percent at fault before the plaintiff can recover.
General Journal
A primary accounting record used for recording all types of transactions and events, ensuring every financial activity is documented.
Special Journal
A financial journal designed for recording a specific type of transaction in a more efficient manner.
Accrual Basis
An accounting method where revenues and expenses are recorded when they are earned or incurred, regardless of when the cash transaction occurs.
Cash Basis
An accounting method where revenues and expenses are recorded only when cash is received or paid out, regardless of when the transactions occurred.
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