Examlex
What is core competency? Explain how core competency is related to competitive advantage, and give an example of how core competency gives an organization a competitive advantage.
Debits and Credits
Accounting entries that either increase or decrease accounts on a company's balance sheet and income statement.
Posting Process
The act of transferring entries from a journal to the corresponding accounts in the ledger as part of the accounting cycle.
Journal
A detailed record of all financial transactions, used as the primary source for all accounting entries.
Ledger
A comprehensive collection of a company's financial accounts, transactions, and balances over a period.
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