Examlex
Explain the DSM and its usage.
General Journal Entry
A general journal entry is a record in the general journal that is used to document business transactions according to the double-entry bookkeeping system.
Perpetual Inventory Method
The perpetual inventory method continuously updates inventory records and cost of goods sold every time a transaction occurs.
General Journal Entry
The initial recording of financial transactions in the general journal, indicating the accounts and amounts to be debited and credited.
Social Significance
The importance or meaning of something within society or a specific community, influencing norms, behaviors, and values.
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