Examlex
What type of knowledge is hard to measure or document and is not typically objective or formalized?
Book of Original Entry
The first place where financial transactions are recorded, including journals.
Journal Entry
A record in accounting that documents a business transaction, showing the accounts impacted and the amounts debited and credited.
Debit Account
A bookkeeping record that raises the value of an asset or expense, or lowers the value of a liability or equity.
Credit Account
A Credit Account is a type of financial account that records the amounts that are owed by a business to its suppliers or creditors, which are typically settled at a later date.
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