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Journal Entry
A record in the accounting journal that represents a transaction and shows the debits and credits to various accounts.
Petty Cash Account
A small fund kept on hand for minor, incidental expenses.
Debit Memorandum
A document or entry recorded to reflect an adjustment or correction, usually increasing the amount a buyer owes to a seller.
Credit Memorandum
A document issued by a seller to a buyer, reducing the amount that the buyer owes under the terms of an earlier invoice.
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