Examlex
The third-person effect refers to the
Specialized Journals
Accounting books or ledgers used to record and track transactions of a similar type, such as sales or purchases, for efficient processing.
Original Entry
Describes the initial recording of a financial transaction in the accounting records or journal, marking the first phase in the accounting cycle.
Specialized Journals
Accounting journals designed for recording specific types of financial transactions, streamlining the accounting process.
General Journal
A book or digital record used in double-entry bookkeeping to chronicle all financial transactions in chronological order, allowing for the tracking of all company transactions.
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