Examlex
Write down all the subsets of the given set.
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General Journal
A primary accounting record used for recording all types of transactions and events, ensuring every financial activity is documented.
Special Journal
A financial journal designed for recording a specific type of transaction in a more efficient manner.
Accrual Basis
An accounting method where revenues and expenses are recorded when they are earned or incurred, regardless of when the cash transaction occurs.
Cash Basis
An accounting method where revenues and expenses are recorded only when cash is received or paid out, regardless of when the transactions occurred.
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