Examlex
While demand deposits have about the same gross expenses per dollar of deposit as time deposits do,the _____________ levied against transaction account customers help to lower the net cost of checkable deposits.
Journalizing
The process of recording financial transactions in a journal or diary, marking the first step in the accounting cycle.
General Journal
A general journal is a fundamental accounting record where all day-to-day financial transactions of a business are initially recorded.
Ledger Accounts
Financial records within a ledger that summarize the transactions related to a company's assets, liabilities, equity, revenues, and expenses.
Trial Balance
A financial spreadsheet where the totals from all accounts are gathered into columns for debits and credits, serving to verify the mathematical accuracy of a firm's accounting records.
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