Examlex
During logical database design,the work of all systems development team members is coordinated and shared through:
Permanent Accounts
Accounts on the balance sheet that carry over their ending balances into the next financial period, such as assets, liabilities, and equity accounts.
Assets and Liabilities
Essential components of a financial statement, with assets representing what a company owns and liabilities what it owes.
Reversing Entry
An accounting technique that negates the impact of the previous entry, often used to simplify bookkeeping for accruals and deferrals.
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