Examlex
The process of transferring the information in the journal to the general ledger is called posting. Explain the posting process, including the importance of the journal page number and the account numbers.
FDIC
The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation providing deposit insurance to depositors in U.S. commercial banks and savings institutions.
Savings and Loan
Financial institutions that primarily promote savings and provide loans for housing.
Medium of Exchange
A go-between resource or framework designed to support the transfer, acquisition, or exchange of commodities among participants.
Opportunity Cost
The cost of foregoing the next best alternative when making a decision.
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