Examlex
In conversations with a nonnative English speaker with whom you have a longstanding business relationship,you notice that he consistently makes language mistakes that could hurt his credibility.In response,you should
Balance
The amount of money present in an account or the difference between the total debits and credits in an account.
Wrong Account
An error where financial transactions are recorded in an incorrect account, potentially affecting the accuracy of financial statements.
Chart of Accounts
An organized list of all accounts in a business's financial system, which helps in recording transactions in the correct accounts.
Special Ledger
A set of subsidiary accounts or a separate bookkeeping system that provides detailed information in addition to the general ledger.
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