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Congress passed _________ in March 1867, dividing the South into five military districts subject to martial law.
Debit Posted
An accounting entry that increases an asset or expense account, or decreases a liability or equity account, reflected on the left side of an account.
Credit Posted
The process of recording a credit transaction in the accounting records, indicating an increase in liabilities or a decrease in assets.
General Ledger
The primary accounting record of a company that uses double-entry bookkeeping, summarizing all transactions.
Chart of Accounts
A structured list of all the financial accounts in the general ledger of a company.
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