13:37 Apr 28, 2005 |
French to English translations [PRO] Accounting | |||||||
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| Selected response from: Jane Lamb-Ruiz (X) | ||||||
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5 | are recorded as offsetting debit and credit entries on the profit and loss statement |
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3 | entered on both sides of the accounts |
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3 | balancing debit and credit in the balance sheet |
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entered on both sides of the accounts Explanation: Might not be approved accounting terminology though! |
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balancing debit and credit in the balance sheet Explanation: Those would be accounting terms. however, you might need to "twik" it to fit the sentence. Regards, Charles |
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are recorded as offsetting debit and credit entries on the profit and loss statement Explanation: under Earnings on Hedging Transactions symmétrique refers to: Double Entry Bookkeeping..means: a record of transactions that require entries in at least two accounts. Every transaction is reflected in offsetting debits and credits. An accounting technique which records each transaction as both a credit and a debit. Credit entries represent the sources of financing, and the debit entries represent the uses of that financing. Since each credit has one or more corresponding debits (and vice versa), the system of double entry bookkeeping always leads to a set of balanced ledger credit and debit accounts. Selected entries from these ledger balances are then used to prepare the income statement. |
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