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Give Meanings for the Following Abbreviations

question 14

Short Answer

Give meanings for the following abbreviations.
-PCP: __________


Definitions:

Ledger

A book or collection of financial accounts in which transactions are recorded.

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.

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