Provide a Definition of Each of the Following Accounting Terms

question 166

Essay

Provide a definition of each of the following accounting terms.
$$\begin{array} { | l | l | } \hline \text { Accounting Term } & \text { Definition } \\\hline \text { Chart of accounts } & \\\hline \text { Posting } & \\\hline \text { Normal balance } & \\\hline\end{array}$$

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Definitions:

Early Finish

In project management, the earliest possible point in time when a task or project phase can be completed, assuming all goes according to plan.

Late Start

The latest possible time a task can begin without delaying the project completion date in project management.

Activity Duration

The total length of time required to complete a specific task or activity from start to finish.

Critical Path

The sequence of stages determining the minimum time needed to complete a project, considering all dependencies and task durations.