SIMPLE JOURNAL ENTRY Definition

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SIMPLE JOURNAL ENTRY is a journal entry that involves only one debit and one credit in the transaction.

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CONVERSION COSTS is Direct Labor + Manufacturing Overhead.

EXCHANGE is a. a workplace for buying and selling; open only to members, e.g. New York Stock Exchange; or, b. reciprocal transfer of equivalent sums of money especially the currencies of different countries, e.g. foreign exchange markets.

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