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Posting is performed by transferring information from the journal to the:
Federal Statutes
Laws enacted by the federal government of a country.
Proprietorship
A business structure owned by a single individual, where the owner is entitled to all profits and responsible for all debts and liabilities.
Business Entity Assumption
An accounting principle that treats a business as an entity separate from its owners, meaning its financial transactions are recorded distinctly from those of its owners or other businesses.
Economic Unit
An entity, such as an individual, household, or organization, considered in economic analysis and decision-making.
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