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Instruction 2.5
The Stem-and-Leaf display below contains data on the number of months between the date a civil suit is filed and when the case is actually adjudicated for 50 cases heard in the Supreme Court of Victoria.
Note: 1L means the 'low teens' - 10, 11, 12, 13, or 14; 1H means the 'high teens' - 15, 16, 17, 18, or 19; 2L means the 'low twenties' - 20, 21, 22, 23, or 24, etc.
-Referring to Instruction 2.5,the civil suit with the longest wait between when the suit was filed and when it was adjudicated had a wait of _________months.
Accounting Record
Documentation and books that record all financial transactions of a business, essential for preparing financial statements and tracking financial performance.
Double-Entry Accounting
A bookkeeping system that requires every financial transaction to be recorded in at least two accounts, ensuring the accounting equation is always balanced.
Debit
A financial record that leads to a rise in assets or a fall in liabilities in a corporation's balance sheet.
Credit
An accounting entry recording a decrease in assets or increase in liabilities and equity, or a transaction where goods or services are received with a promise of future payment.
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