Examlex
Mergers differ from joint ventures in that they involve the creation of a new business firm, rather than the union of two existing companies.
Cross-Footing
A bookkeeping process that involves checking the mathematical accuracy of figures in financial statements by ensuring that sums of columns and rows respectively match.
Cash Receipts Journal
A specialized accounting journal used to record all receipts of cash.
Equality
In financial terms, refers to the state where two values, amounts, or figures are of the same value or balance each other out.
One-Column Purchases Journal
A simplified accounting ledger that records only the purchases of goods and services in a single column, typically for small businesses or specific types of transactions.
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