Examlex
How is forensic assessment different from traditional assessment?
Transactions
Acts of buying, selling, or exchanging goods, services, or financial assets in the market.
Double Entry
An accounting principle that requires every financial transaction to be recorded in two accounts, debit and credit, to keep financial statements balanced.
Balance Sheet
A balance sheet that presents a firm's financial position, detailing its assets, liabilities, and owners' equity at a particular moment.
Current Liabilities
Short-term financial obligations of a company that are due to be paid within one year.
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