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Public keys are supplied by third parties called certificate authorities.
Liability Account
An account noted on the balance sheet that represents debts or obligations that a company owes to others and must settle over time.
Posting Reference Column
A ledger column used to indicate the account number or code that corresponds to each entry, facilitating cross-referencing between ledgers.
Journal
A book or digital record where transactions are initially recorded before they are posted to ledgers.
Liability Account
An accounting record that captures obligations or debts a company owes to others, which are expected to be paid in the future.
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