Examlex
What happens during the apparent retrograde motion of a planet?
Business Transactions
Economic events that are recorded in the financial statements of an entity because they affect the financial position of the company, involving the transfer of value between two or more parties.
Journal
A chronological record of all financial transactions, used to transfer information to a company's ledger.
Ledger
A book or collection of financial accounts of a particular type, often referred to as the final book of entry where transactions are summarized.
Trial Balance
A trial balance is a bookkeeping report that lists the balances in each of an organization's general ledger accounts to check the mathematical accuracy of the accounting entries.
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