Examlex
The journal is a grouping of all the T-accounts,with their balances.
Common Stock
Equity securities that represent ownership interests in a corporation, providing voting rights and potential dividends to shareholders.
Recording Process
The systematic method of documenting business transactions in the accounting records in a chronological order.
Journal
A detailed record where all financial transactions of a business are initially recorded before being transferred to accounts in the general ledger.
Ledger
A comprehensive collection of all the accounts of a business, where transactions are recorded in a structured and detailed manner.
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