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A service company can differentiate itself by designing a better and faster delivery system.
Trial Balance
A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account columns to check the accuracy of the accounts.
Ledger
A comprehensive collection of all accounts and transactions of a company or individual, recorded in a systematic manner.
Account Balance
The amount of money in a financial repository at any given moment, which can fluctuate with deposits, withdrawals, and interest payments.
Chart of Accounts
An organized list of all the different financial accounts used by an entity to categorize transactions.
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