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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JOB COSTING, generally, it is the allocation of all time, material and expenses to an individual project or job; specifically, JOB COSTING is normally software based and provides for budgeting, forecasting, collecting and reporting on the expenditure and revenue associated with specific projects or jobs.

NOT-FOR-PROFIT ORGANIZATION see NONPROFIT ORGANIZATION.

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