Examlex
Many experts suggest that technology will be used in the future to find ways to save customers extra:
Posting References
Identifiers used in accounting to link journal entries to the corresponding ledger accounts for audit trails and record-keeping accuracy.
Transaction
An agreement or communication carried out between two or more parties that results in the exchange of value, such as the purchase or sale of goods or services.
Posting Reference Columns
Columns in a journal entry that help in transferring information to, and tracking from, the corresponding ledger accounts for audit trail purposes.
Ledger
A comprehensive collection of a company’s final financial accounts, including assets, liabilities, equity, revenue, and expenses.
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