Examlex
The language we use and manner of speaking changes across situations. Imagine that you need executive control to facilitate the words you select. In which of the following situations might you most need executive control?
Ledger
A ledger is a principal book or computer file for recording and totaling economic transactions by account, separated into debits and credits.
Transaction
An agreement or exchange between parties that involves the transfer of goods, services, or funds.
Account Balance
The total amount of money in a financial account, calculated by adding all deposits and subtracting all withdrawals.
Trial Balance
A bookkeeping report that lists all the balances of the general ledger accounts of a business at a certain point in time to ensure that debits equal credits.
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