Examlex
Into which two broad subfields is the field of economics traditionally divided?
Error
A mistake or inaccuracy in financial records or calculations.
Trial Balance
A bookkeeping report that lists the balances of all ledgers' accounts in two columns, debit and credit, to ensure that entries in a company’s bookkeeping system are mathematically correct.
Ledger
A comprehensive collection of all the accounts of a company, showing transactions and resulting balances.
Journal
A book or digital record used in accounting to record each financial transaction as it occurs in chronological order.
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