Examlex
Which statement is an operational definition of a concept?
Special Journal
A type of accounting journal that is used for recording and categorizing a specific type of transaction which occurs frequently.
General Journal
A primary accounting record used to record all types of transactions except for those related to specific tasks, such as sales or purchases, which have their own journals.
General Ledger Control Account
A General Ledger Control Account is a summary account that consolidates the total balances of all accounts in a subsidiary ledger, used to maintain integrity in financial reporting.
Subsidiary Ledger
A detailed ledger that contains the individual accounts with a common characteristic, supporting entries recorded in a general ledger.
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