Examlex
A local school is destroyed by a tornado and community residents come together to build a makeshift school.This example illustrates the concept of:
Journal Entries
Journal entries are the initial records of financial transactions in the accounting system, documenting the details of each transaction in chronological order.
Bank Reconciliation
The procedure of ensuring the balances of a cash account in a firm's accounting books match the corresponding figures on a bank statement.
Cash Account
An account used to record cash transactions in a company's financial statements, including inflows and outflows of cash.
Organic
Referring to foods or products grown without the use of synthetic pesticides, fertilizers, genetically modified organisms, or ionizing radiation.
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