What Is the Definition of the Following Term

question 66

Short Answer

What is the definition of the following term:
-Calvin, John (1509-1564):

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Definitions:

Journals And Ledgers

Record-keeping books where financial transactions are first noted (journals) and then summarized and classified (ledgers).

Volume

The quantity of something, often measured in units, pieces, or amounts, used in various contexts such as sales, production, and trading.

Double-entry System

A system that records in appropriate accounts the dual effect of each transaction.

Double Line

This term is often used in accounting to denote totals or sums in financial statements, represented by drawing a double line.