Examlex
How is the Encyclopedia best described?
Journalizing
The process of recording business transactions in the journal of accounting as part of the double-entry bookkeeping system.
Simple Entry
A journal entry that involves only two accounts.
Chart of Accounts
An organized list of all the accounts in a company’s general ledger used for recording financial transactions.
Asset Accounts
Accounts on the balance sheet representing valuable resources owned by the company expected to provide future benefits.
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