Examlex
What is the total annual cost of maintaining the components inventory under the present system?
Crossfooting
A method used in accounting to check the arithmetic accuracy of figures by adding columns of numbers both vertically and horizontally and comparing the totals.
Equality
In accounting, the concept that the sum of debits must equal the sum of credits in a transaction.
Subsidiary Ledger
A detailed ledger that contains all the transaction details of a specific account, which is summarized in the general ledger.
Accounts Payable
Liabilities or money owed by a company to its creditors or suppliers for goods and services received but not yet paid for.
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