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Please Define the Following Key Terms

question 111

Short Answer

Please define the following key terms.
-Mannerism


Definitions:

Trial Balance

A list of all general ledger accounts and their balances at a particular time, ensuring that debits equal credits in the double-entry accounting system.

Normal Balances

The side (debit or credit) of an account that is expected to have a higher balance given the account type's role in accounting.

Ledger

A book or collection of financial accounts in which the two-fold effect of transactions are recorded.

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