Examlex
The ultimate goal of six sigma is where defects occur at the rate of 1 per
Journal
A detailed record where all financial transactions of a business are initially recorded before being transferred to accounts in the ledger.
Chart of Accounts
A systematic list of all account titles and numbers used by a company to organize its financial transactions and prepare financial statements.
Debits
Accounting entries that increase asset or expense accounts, or decrease liability, equity, or revenue accounts; they are recorded on the left side of accounting ledgers.
Credits
Accounting entries that increase liabilities or equity or that decrease assets.
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