____________________ Is a Specialized or Technical Language of a Trade

question 72

Short Answer

____________________ is a specialized or technical language of a trade, field, or profession.

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Definitions:

Cash

A form of currency that companies and individuals use for transactions or to settle debts.

Journal Entry

is a record in accounting that notes the details of a financial transaction, including the accounts affected, debits, and credits.

Prepaid Insurance

A current asset account that represents payments made for insurance services that will be consumed in future periods.

Posting Reference

An alphanumeric code or number used in accounting to indicate the ledger account that a journal entry has been posted to.