Examlex
Which of the following is the first step of data preparation?
Journal Entry
A record in the accounting journal that represents a single transaction and shows the debits and credits to the various accounts affected by the transaction.
Quoted Price
The existing rate at which an asset or service can be sold or purchased.
Selling Price
The amount of money for which a product or service is sold to customers.
Face Value
The original cost of a bond or the principal balance to be paid back at maturity, excluding interest.
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