Examlex
Which of the following is a cultural act (rather than just a social act) ?
Journal Entry
A journal entry is a record of a financial transaction in the accounting records, showing the accounts and amounts to be debited and credited.
Discount on Bonds Payable
The difference between the face value of a bond and the price for which it sells when the bond's market value is lower than its face value.
Installment Note
A debt instrument that requires regular payments, or installments, of principal and interest over a set period, until the debt is fully repaid.
Journal Entry
A record in accounting that shows a business transaction and its effect on the accounts, typically involving a debit and credit.
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