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Reflective journals are shared with others because
Multiple Column Form
A document layout that uses more than one column to organize information, often used in accounting to display accounts and figures in a structured manner.
Closing Entries
Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts and prepare the company's books for the next period.
Accounting Cycle
A sequence of steps in processing financial transactions, from the initial recording to the preparation of financial statements, usually completed over a specific period.
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