Examlex
GMP means :
Normal Balance
The typical side (debit or credit) on which an account increases, based on its classification in the accounting equation.
Account Category
A way to organize various types of accounts in accounting, such as assets, liabilities, equity, revenue, and expenses, based on their nature.
Subsidiary Ledger
A detailed ledger that contains all the transactions of a particular account, which then summarizes into a single general ledger account.
Accounts Receivable
Represents money owed to a business by its clients or customers for goods or services delivered but not yet paid for.
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