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Account
A record summarizing all transactions related to a particular item or person in financial accounting.
Owner's Equity
The residual interest or ownership claim in a firm's assets after subtracting liabilities, representing what the owners have invested or retained from net income.
Trial Balance
A bookkeeping report that lists the balances of all ledgers in two columns, debits and credits, ensuring they are equal.
Trial Balance
An accounting worksheet that aggregates the balances from all ledgers into debit and credit columns, with the totals of these columns being identical.
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