Examlex
The slight negative charge at one end of one water molecule is attracted to the slight positive charge of another water molecule. What is this attraction called?
Transactions
The act of conducting business such as buying, selling, or exchanging goods, services, or financial instruments, recorded in the financial records of an entity.
Financial Position
A snapshot of a company's assets, liabilities, and equity at a specific point in time, providing insight into its economic state and stability.
Accounting Equation
The fundamental principle of double-entry bookkeeping showing that assets are financed by liabilities and shareholders' equity, expressed as Assets = Liabilities + Equity.
Recording
The act of entering financial transactions into accounting records such as journals or ledgers.
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