Examlex
Perform the indicated operation. Express your answer in simplest form.
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Ledger
A book or collection of financial accounts where all transaction records are summarized and recorded.
Journal
A book or digital record where all financial transactions are initially recorded in chronological order before being posted to accounts in the ledger.
Debit
A bookkeeping record that leads to either a rise in assets or a fall in liabilities in a firm's balance sheet.
Note Payable
An official pledge in writing to return a specified sum of cash, often with added interest, on a set future date.
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