Examlex
Bureaucracy is a hierarchical formal organization characterized by rationality and efficiency.
Chart Of Accounts
A numbering system of accounts that lists the account titles and account numbers to be used by a company.
Account Balance
The difference between the debits and credits recorded in an account, representing the net value at a point in time.
Compound Entry
In accounting, it refers to a journal entry that involves more than two accounts whereby multiple debits and/or credits are made.
Accounts Payable
Liabilities representing amounts owed by an entity to suppliers or creditors for goods and services received but not yet paid for.
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