Examlex
If you make a mistake that makes the problem worse, it's best to hide the problem until you can resolve it or until you have left the customer site.
Transposition
The error of switching the order of digits in numbers, often leading to inaccuracies in financial or data records.
General Ledger
A comprehensive record of all financial transactions over the life of a company, used to prepare financial statements.
Nominal Account
An accounting ledger account that starts each new accounting period with a zero balance and ends with a closed balance to transfer to a real account.
Retained Earnings
Retained Earnings represent the cumulative amount of net income earned by a company that has not been distributed to shareholders as dividends.
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