Examlex
Which of the following statements is/are true of water?
1. An individual water molecule is V-shaped, with an H-O-H angle of about 105°. 2. The O-H bonds in a water molecule are ionic bonds. 3. Polar and ionic substances are more soluble in water than nonpolar substances.
Liability Account
An account recording a company's debts or obligations arising from past transactions or events.
Posting
Posting is the process of recording financial transactions from the journal to the respective ledger accounts, providing a detailed account of all business operations.
Journal
A detailed record where all financial transactions of a business are initially recorded before summarizing them into accounts.
General Journal
A basic accounting ledger used to record all the financial transactions of a business.
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