Examlex
Which of the following statements best characterizes everyday "trait talk"?
Journal
A chronological record of all financial transactions, used to transfer information to a company's general ledger.
Accounts
Financial records that track the income, expenses, assets, liabilities, and equity of an individual or organization, forming the basis for financial reporting.
Transaction Effects
The impact of business transactions on the financial statements, including assets, liabilities, and equity.
Advertising Brochure
A printed promotional document used to introduce a company, product, or service to potential customers.
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