Examlex
What do the Performance Analyzer Analysis Notes tell you?
Trial Balance
A trial balance is a report listing the balances of all ledger accounts at a point in time, used to verify that the sum of debits equals the sum of credits in the accounting system.
Journal Entries
Recorded transactions in the financial books of a business, marking debits and credits in accounts affected by financial events.
Accounts Payable
An accounting entry that represents a company's obligation to pay off a short-term debt to its creditors or suppliers.
T Account
A graphical representation in accounting that resembles the letter "T", used to track the increases and decreases in accounts, making it easier to understand transactions.
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