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In word processing,tracking allows the user to check the spelling of all words.
Accounting Cycle
A sequence of steps in processing financial transactions, from the initial recording to the preparation of financial statements, usually completed over a specific period.
General Journal
A bookkeeping ledger that records each financial transaction of a company in chronological order.
Net Income
The total earnings of a company after subtracting all expenses and taxes from total revenue; often referred to as the bottom line.
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