Examlex
"The Speculative Phase" is a term used to describe an archaeological school of thought that sought to employ scientific methods to explain archaeological evidence.
T Accounts
A tool used in accounting to represent the debit and credit sides of a transaction for individual accounts.
Trial Balance
An accounting report that lists the balances of all ledgers summarized into debit and credit columns, used to verify the accuracy of bookkeeping entries.
Stockholders' Equity
The owners' residual interest in a corporation, calculated as total assets minus total liabilities, representing the net worth.
Posting Errors
Mistakes that occur when transferring journal entries to the ledger accounts, which can lead to discrepancies in financial records.
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