Examlex
The type of account and normal balance of Prepaid Insurance is
Consolidating Journal Entry
A journal entry made in the process of combining the financial statements of several departments or subsidiaries into a single set of statements.
Wholly Owned Subsidiary
A company whose entire stock is held by another company, making it completely controlled by the parent company.
Loss Associate
A situation where a company incurs a loss through its investment in an associate or joint venture.
Sale of Land
A transaction involving the transfer of ownership of a parcel of land from one party to another.
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