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Let , , and . What is ?
Collection Policies
Guidelines established by a business to manage the collection of accounts receivable or debts owed to it.
Subsidiary Ledger
a detailed ledger that contains the financial transactions of a specific subsidiary account, summarizing its details, and supporting the general ledger.
Control Account
A general ledger account that summarizes the balances of a set of detailed subsidiary ledger accounts.
General Ledger
A complete record of all financial transactions over the life of a company, serving as the primary source of information used to create financial statements.
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