Examlex
What is the importance of valuing citizenship and public service above entrepreneurship?
Journalizing
The process of recording transactions in a journal. This is the first step in the accounting cycle, where financial transactions are initially recorded.
Posting Process
The procedure of recording financial transactions into the appropriate accounts within the ledger.
Amount Incorrectly
A term relating to a numerical value or sum that has been calculated, reported, or entered wrongly.
Trial Balance
A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account columns to ensure a company's bookkeeping system is mathematically correct.
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