Examlex
What ICAP refers to?
Recording
The act of documenting financial transactions in the books of accounts as part of the accounting process.
Transactions
Financial events that affect the assets, liabilities, or equity of a company, recorded in its accounting system.
Accounting
The systematic process of recording, measuring, and communicating information about financial transactions.
Risk
The exposure to uncertainty or potential financial loss in decision-making and investment.
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