Instructions: Identify the Terms and Briefly State Their Historical Significance

question 92

Essay

Instructions: Identify the terms and briefly state their historical significance.
Axum stelae

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Definitions:

Permanent

Describes assets or records that are intended to be held or used on a long-term basis and not expected to be sold or otherwise converted into cash within a year.

General Journal

A journal used to record all types of accounting transactions with detailed explanations.

Permanent

Refers to accounts that represent the financial standing of a company and carry their ending balances over from one accounting period to the next, such as assets, liabilities, and equity accounts.