Examlex
During guided reading, students should read books at their:
Cash Account
An account that tracks the flow of cash transactions, including receipts and payments, impacting a business's overall cash balance.
Subsidiary Ledger
A detailed ledger that provides a breakdown of individual transactions affecting a specific general ledger account, facilitating in-depth analysis and reconciliation.
General Ledger
A comprehensive record of all financial transactions over the life of a company.
Individual Balances
The amounts recorded in separate accounts representing various assets, liabilities, or equity of an individual or entity.
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