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business college |
a school that offers instruction in business-related skills, such as typing, bookkeeping, and business administration. |
charge |
a debit entered into a bookkeeping account. [1/22 definitions] |
debit |
in double-entry bookkeeping, the left-hand side of an accounts ledger, or any entry or sum recorded on the left-hand side. (Cf. credit.) [1/5 definitions] |
double entry |
a common bookkeeping system in which each transaction is credited to one account and debited to another. (Cf. single entry.) |
journal |
a ledger used in double-entry bookkeeping for recording accounts. [1/4 definitions] |
single entry |
a system of bookkeeping in which each transaction is entered only once, either as a debit or a credit. (Cf. double entry.) |
suspense account |
in bookkeeping, an account in which items such as credits or debits are temporarily recorded before their final disposition is determined. |
trial balance |
in double-entry bookkeeping, a statement of all open debit and credit balances, usu. made to test their equality before a final statement is issued. |
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