Examlex
Identify the following terms.
-Shwedagon Pagoda
General Ledger
A complete record of all financial transactions over the life of a company.
Debit Balances
Accounts on the left-hand side of a double-entry bookkeeping system that typically signify assets or expenses.
Permanent Account
An account that carries its ending balance over from one accounting period to the next, such as assets, liabilities, and equity accounts.
Doubtful Accounts
Accounts receivable that a company believes it may not be able to collect, often leading to the creation of an allowance for doubtful accounts.