Examlex
When Jacques wants to learn a new concept, he attempts to connect it with previously existing knowledge. This is an example of
Trial Balance
A bookkeeping report that lists the balances of all ledgers accounts in two columns, debit and credit, ensuring that the total debits equal total credits.
Ledger
A compilation or record of financial transactions kept in a book or collection of accounts.
Financial Statements
Formal records of the financial activities and position of a business, individual, or other entity, including the balance sheet, income statement, and cash flow statement.
Chart of Accounts
A systematic listing of all accounts used in the accounting system of a company, categorizing all financial transactions.
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