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:

Multinational Corporations

Companies that operate in multiple countries, often managing production or delivering services in more than one country.

Global Corporations

Large companies that operate and provide goods or services in multiple countries beyond their home country.

Transnational Corporations

Large companies that operate and distribute products or services across multiple countries beyond their home base.

International Corporations

Large business entities that operate in multiple countries across the globe, often influencing economic, political, and social landscapes.