Examlex
Which system is a type of artificial intelligence that uses a database, containing facts and rules, to provide assistance to users?
Ledger Accounts
Individual records within the general ledger that show the transactions and balances for each accounting period, relating to specific assets, liabilities, equity, revenues, and expenses.
Recording
The process of documenting financial transactions in the accounting records of a business.
Journal
A detailed record where all financial transactions of a business are initially recorded before summarizing them into ledgers.
Journalizing
The process of recording transactions in a journal or diary in chronological order before they are posted to ledgers.
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