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General Journal
A primary accounting record where financial transactions are initially recorded, before posting to specific accounts in the ledger.
Credit Entries
Accounting entries that increase liabilities, equity, and income accounts, or decrease asset and expense accounts.
Special Journal
A financial journal designed for recording a specific type of transaction in a more efficient manner, such as sales or purchases.
Subsidiary Ledger
An elaborate record book holding specific subsidiary accounts linked to a principal account, including accounts receivable and accounts payable.
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