Examlex
The innermost layer of the root cortex is the
Analyzing Transactions
The process of examining financial transactions to determine their impact on the financial status of an entity.
Ledger
A detailed financial statement showing all the transactions of a business, used to compile the financial statements.
Unadjusted Trial Balance
A list of all the general ledger accounts and their balances at a specific time before any adjusting entries are made.
Accounting Cycle
The collective process of recording and processing all financial transactions of a company, from when the transaction occurs, to its representation on financial statements, followed by closure of accounts.
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