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Excluding dividend (Ex div) is an investment term that describes a inventory that is
trading without the value of the next dividend payment.

Financial accounting is a specific branch of accounting involving a process of recording
financial records, summarising, and preparation of financial statements that is statements
of income, statements of financial position, and the statement of cash flows over a
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specified period.

Financing activities refer to any cash flows that result in changes in the size and
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composition of the contributed equity capital or borrowings of the entity (that is share
capital, dividends)
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Financial statements written records that convey the business activities and the financial

performance of a company. Financial statements comprise of the income statement,

statement of financial position, cash flow statement, statement of changes in equity, and

notes to financial statements.

Folio number is a way to reference a bookkeeping entry, most often numbered in
chronological or sequential order. For example, entries in the sales day book will have
reference numbers to indicate in which account or page number in the sales ledger a
record has been posted.

General journal is the company’s journal in which initial record keeping of all the
transactions is done which are not recorded in any of the specialty journals maintained
by the company like purchase journal, sales journal, and cash journal.

General ledger is the main ledger book of the business, which contains all the accounts
of the business recorded using the principle of double-entry. General ledger contains
different accounts such as assets, liabilities, capital/equity, revenue, and expenses. In
short, the general ledger provides all the accounts used in the preparation of financial
statements.

Goodwill an intangible asset that is calculated when a business is sold to another

person/company. Goodwill arises as the difference between the amounts paid to acquire

such a business and the actual net value of its assets.

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