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Trial Balance
A financial worksheet that gathers the balances from all accounts into debit and credit columns, verifying the mathematical accuracy of a company's accounting system.
Recording Process
The method of capturing and documenting financial transactions in the accounting records.
Journalizing
The process of recording business transactions in the journal or books of original entry in accounting.
Posting
The process of transferring journal entry information to the ledger, ensuring every debit and credit transaction is recorded in the correct accounts.
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