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Which is the strongest base?
Accounting Cycle
Describes the systematic process of recording and processing all financial transactions of a company, from when the transaction occurs to its representation in the financial statements.
Adjusting Entries
Documentation of transactions at the conclusion of a financial cycle to accurately apportion profits and costs to the period they were realized.
Adjusted Trial Balance
A list of all accounts and their balances after adjustments are made, used to prepare financial statements.
Ledger Accounts
A record within the general ledger that is used to collect and store balance and transaction information for individual items such as assets, liabilities, equity, revenues, and expenses.
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