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Trial Balance
An accounting report that lists the balances of all ledgers in two columns (debits and credits) to ensure they are equal.
Accounts Receivable
Money owed to a business by its customers for goods or services delivered but not yet paid for.
Assets
Assets refer to resources owned by an individual or organization that have economic value and can be converted into cash or used to generate income.
Existing Balance
Refers to the amount currently in an account prior to any new charges, deposits, or withdrawals.
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