Examlex
Which statement concerning the incidence of autism is true?
Debit
An accounting entry that results in either an increase in assets or a decrease in liabilities on a company’s balance sheet.
Journalizing
The process of recording business transactions in the accounting journals as part of the bookkeeping process.
Transaction
An agreement or exchange between two parties that is recorded and has an economic impact on the finances of a business.
Journal
A detailed record where all financial transactions of a business are initially recorded, before being transferred to the general ledger.
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