Examlex
Which of the following is characteristic of the unique style of Igbo-Ukwu?
Entry Posted
The action of recording an accounting entry in the ledger, which finalizes the transaction and makes it part of the financial records.
Debit
A bookkeeping record that causes assets to go up or liabilities to go down on a firm's balance sheet.
Equipment
denotes tangible assets used in operations, such as machinery or office equipment, which have a useful life beyond one accounting period.
Liability
A company's financial debt or obligations that arise during the course of its business operations.
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