Examlex
A year is defined as:
General Ledger
A comprehensive accounting record of all transactions that affect a company, summarized by account.
Trial Balance
A bookkeeping report that lists the balances of all ledgers accounts to check that debits equal credits in the double-entry accounting system.
Accounts Receivable
The money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.
Accounts Payable
The amount a company owes to suppliers or vendors for goods or services received but not yet paid for.
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