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The fire department receives its revenues from the government budget, not on a per-fire-extinguished basis.As a result, it is difficult for department officials to know if
Account Balance
The amount of money in a financial repository, such as a bank account, at any given time.
Journal
A detailed record where all financial transactions of a business are initially recorded before being transferred to accounts in the general ledger.
Ledger
A comprehensive collection of all accounts and their transactions used in the accounting system of a business.
Chart
In finance and accounting, often refers to graphical representations of data, such as financial charts for analysis.
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