Examlex
In the given table, match the left of the table with the statements on the right-hand side of table.
Journal Entries
The records of financial transactions in the double-entry bookkeeping system, where each transaction is noted in two accounts (debit and credit).
Transactions
Financial events that affect the assets, liabilities, and equity of a company recorded in its accounting system.
Conversion Costs
The combined costs of direct labor and manufacturing overheads required to convert raw materials into finished goods.
Equivalent Units
A concept in cost accounting used to allocate costs to partially completed goods, converting them into the amount of finished goods units.
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