Examlex
Uncertainties and biases do not affect external financial reports, because these reports are based on objective standards.
Other Accounts Column
A ledger or journal column reserved for transactions that do not fit into the standard categories of accounting entries.
General Ledger
A complete record of all financial transactions over the life of a company, serving as the foundation of the financial statements.
Cross-footed
A term used in accounting to describe the process of checking the accuracy of figures by verifying the sums across different columns on a financial document.
Sales Journal
A specialized journal used to record all sales of merchandise on credit.
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