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Ledger
A ledger is a comprehensive collection of accounts where financial transactions are categorized and recorded in a double-entry bookkeeping system.
Journal Entries
Records of financial transactions in the accounting system, documenting the details of transactions and their impact on the accounts.
Debits
A transaction recorded in accounts that causes assets to grow or liabilities to shrink on a firm's balance sheet.
Credits
Accounting entries that increase liability or equity accounts, or decrease asset or expense accounts.
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