Examlex
What is anoxia?
Recording Transactions
The systematic process of documenting financial transactions in the accounting records of a business.
Accounting System
The methods and procedures used by a business to collect, classify, summarize, and report financial data for use by management and external users.
Voucher
A document representing an internal intent to make a payment to an external entity, detailing the specifics of the transaction.
Liability
A financial obligation or amount owed by a business to others, such as loans, accounts payable, or mortgages.
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