Examlex
When the social networking site Facebook started, its primary members were in the young adult market of 18 to 24 year olds.Now the 35 and over age group has the largest membership.What kind of value does Facebook offer to different segments?
Depreciation
The systematic allocation of the diminution in the value of a tangible asset over its useful life.
General Journal
A comprehensive record of all financial transactions of a company, used to make entries not suited for specific ledgers.
Posting
In accounting, posting refers to the process of transferring entries from the journal into their respective accounts in the ledger, for the purpose of organizing and summarizing financial information.
Journal
A detailed record where all financial transactions of a business are initially recorded before transfer to accounts in the general ledger.
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