Examlex
Which of the following consists of one or more chips on the motherboard that hold items such as data and instructions while the processor interprets and executes them?
Account Balance
The amount of money in an account, calculated by adding all debits and subtracting all credits.
Financial Statement
A written record that conveys the business activities and the financial performance of a company; main statements include balance sheet, income statement, and cash flow statement.
Temporary/Permanent
Refers to accounts within accounting practices; temporary accounts are reset each accounting period, while permanent accounts carry their ending balance into the next period.
General Journal Entries
The initial records where all financial transactions of a business are noted, using the double-entry method of accounting.
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