Examlex
What function does communication play in organizations?
Incurred
Costs or expenses that have been realized or experienced by a business as part of its operations.
Journal
An initial record in which financial transactions are entered in chronological order before posting to ledgers.
Debit
An entry recorded on the left side of a double-entry bookkeeping system that increases an asset or expense account, or decreases a liability, equity, or revenue account.
Credit
An accounting entry that either decreases assets or increases liabilities and equity on a company's balance sheet.
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