Examlex
What is the difference between standing plans and single use plans?
Business Transaction
An economic event with a third party that is recorded in an organization's accounting system.
Accounting Records
Documents and books that keep track of the financial operations and transactions of an entity or individual, serving as evidence of financial performance and position.
Computer
An electronic device capable of processing, storing, and retrieving data, used for a wide range of tasks from computing to entertainment.
Double-Entry Bookkeeping System
An accounting technique which records each transaction in two accounts, ensuring the total debits equal total credits.
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