Examlex
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Accounting Process
A systematic series of actions to record, summarize, and report the financial transactions of a business over a period, resulting in the preparation of financial statements.
Journals
Official records where business transactions are entered before they are transferred to accounts in the general ledger.
Ratios
Quantitative relationships between two or more values, often used for financial analysis, to assess the performance, health, and prospects of a business.
Ledgers
Financial records that contain a detailed account of all the financial transactions of a business.
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