Examlex
Which of the basic processes of memory is like typing data into a computer?
Journal Entry
A record in accounting that represents a transaction and its effect on various accounts, ensuring the debits and credits balance.
Ledger
A book or collection of accounts in which account transactions are recorded and categorized to show changes in financial positions.
Total Debits
In accounting, this refers to the total sum of all debit entries recorded in all accounts for a given period.
Total Credits
The sum of all credit entries recorded in the accounting books of a business, reflecting the total value of transactions decreasing assets or increasing liabilities and equity.
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