Examlex
The secretion of the sebaceous glands is called sebum.
Financial Statement
Reports that convey the financial activities and condition of a business, including the balance sheet, income statement, and cash flow statement.
Normal Balance
The typical side (debit or credit) on which an account increases, based on its classification in the accounting equation.
Account Category
A way to organize various types of accounts in accounting, such as assets, liabilities, equity, revenue, and expenses, based on their nature.
Subsidiary Ledger
A detailed ledger that contains all the transactions of a particular account, which then summarizes into a single general ledger account.
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