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If a train is transcontinental, how does it travel?
Ledger
A comprehensive collection of a company's financial accounts, providing a record of all financial transactions.
Trial Balance
A report listing all accounts with their respective balances, prepared again to ensure the total debits equal total credits in the accounting records.
Posting Reference Column
Part of accounting ledgers, indicating the journal page from which the transaction was posted.
General Journal
A foundational accounting document where financial transactions are initially recorded, providing a permanent record.
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