Examlex
The nature of the service act depends on to whom or to what the service is directed and the degree of "tangibility" of the service provided. An example of a tangible service directed to the possessions of a customer would be ________.
Recording Process
The systematic method of capturing and documenting financial transactions and events in the accounting records of an organization.
Trial Balance
A bookkeeping worksheet listing the balance of all ledgers in two columns, debits and credits, used to ensure that the sum of debits equals the sum of credits.
Journal
A comprehensive listing documenting all monetary transactions of a company, first noted before being moved to the general ledger accounts.
Ledger Accounts
Individual financial records within the ledger that capture all transactions related to a specific asset, liability, equity, revenue, or expense.
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