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  1. Apr 29, 2022 · Liability Ledger: The central file that contains a comprehensive list of all of a bank's loans and borrower discounts. This ledger can be subordinate to a bank's general ledger accounting system ...

    • Will Kenton
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  2. Apr 29, 2022 · The general journal is part of the accounting record keeping system. When an event occurs that must be recorded, it is called a transaction, and may be recorded in a specialty journal or in the general journal. There are four specialty journals, which are so named because specific types of routine transactions are recorded in them.

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  4. A unitary state, or unitary government, is a governing system in which a single central government has total power over all of its other political subdivisions. A unitary state is the opposite of a federation, where governmental powers and responsibilities are divided. In a unitary state, the political subdivisions must carry out the directives ...

  5. Feb 25, 2022 · Examples of commonly used accounting periods include fiscal years, calendar years, and three-month calendar quarters. Some organizations also use monthly periods. Each accounting period covers one complete accounting cycle. An accounting cycle is an eight-step system accountants use to track transactions during a particular period. Accounts Payable

  6. unitary state, a system of political organization in which most or all of the governing power resides in a centralized government, in contrast to a federal state. A brief treatment of the unitary state follows. For additional discussion, see Political system: Unitary nation-states. In a unitary state, the central government commonly delegates authority to subnational units and channels policy ...