Examlex
In a parallel circuit, ET = 240 V, R = 27 kΩ, and XL = 47 kΩ. What is IT?
Double-Entry Accounting
An accounting principle requiring that every financial transaction is recorded in at least two different nominal ledger accounts, ensuring the accounting equation is always in balance.
GAAP
The standard set of guidelines for financial accounting that are widely accepted in a particular jurisdiction, known as Generally Accepted Accounting Principles.
IFRS
International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board.
Debit And Credit Rules
The guidelines used in double-entry bookkeeping where for every debit entry, there must be a corresponding credit entry, and vice versa, to ensure the accounting equation is always balanced.
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