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Refer to the above diagram.The impact of the public sector on the equilibrium GDP:
Ledger Accounts
Individual records that summarize all the financial transactions regarding a specific aspect of a business's financial activity, such as sales, accounts payable, or owner's equity.
Trial Balance
A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal, serving as a preliminary step to financial statement preparation.
Chart of Accounts
A systematic list of all account titles and numbers used by a company, organized to support the recording of transactions.
Trial Balance
A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account columns to verify that the ledger accounts are correctly balanced.
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