Examlex
Use reference angles to find the exact value of the expression. Do not use a calculator.
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Account
An individual record within a financial system or ledger that tracks the financial transactions of a specific asset, liability, revenue, expense, or equity component.
Normal Balance
The side (debit or credit) on which increases to the account are recorded, consistent with the accounting equation.
Financial Statement
Reports that provide information about a company's financial condition, performance, and cash flows, including the balance sheet, income statement, and statement of cash flows.
Account
An account in accounting is a record within the general ledger that is used to collect and store debit and credit amounts.
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