Examlex
A buffer is a solution that tends to maintain a neutral pH.
Journal Entries
Written records of all the financial transactions of a business, which are then used to prepare financial statements.
Debits Equals Credits
A fundamental principle of accounting stating that for every transaction, the total debits must equal the total credits in a double-entry bookkeeping system.
Posting Reference Notation
A symbol, number, or letter added to ledger entries to identify the source document or journal where the transaction was first recorded.
Ledger
A comprehensive collection of accounts that records all financial transactions of a business, organized to show the financial status and activities.
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