Examlex
Fred purchased six paperbacks from books2u.com three months back.This week,when he logged on to books2u.com,the home page had his name and recommended 6 new books on his favorite topics.This is an instance of:
General Ledger
A complete record of all financial activities conducted by a company throughout its existence.
Post-closing Trial Balance
A financial statement listing all accounts and their balances after closing entries are made, ensuring that debits equal credits.
Accounting Cycle
The process that begins with analyzing and journalizing transactions and ends with the post-closing trial balance.
Accounting Cycle
The collective process of recording and processing the accounting events of a company, from the initial transaction to the preparation of financial statements.
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