Examlex
The first element in an array is assigned subscript 1, the second element is assigned subscript 2, and so on.
Adjusting Entry
A financial record created during the closing of an accounting cycle to appropriately distribute revenues and expenses to their respective periods.
Journalize
The process of recording transactions in a company's journal, detailing the financial activities and their impact on accounts.
Depreciation
The systematic allocation of the cost of a tangible asset over its useful life, reflecting wear and tear or obsolescence.
Equipment
Durable assets used in the operation of a business, not intended for sale, that are used over time.
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