Examlex
Minerals
Trial Balance
A trial balance is a bookkeeping report that lists the balances of all ledgers in two columns, debits, and credits, ensuring that total debits equal total credits.
Journalizing
The process of recording transactions in a company's journal, marking the first step in the accounting cycle.
Posting Process
The procedure of transferring journal entry amounts to their respective accounts in the ledger.
Debit Posted
An accounting entry that increases an asset or expense account, or decreases a liability or equity account, reflected on the left side of an account.
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