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Chart of Accounts
An organized list of all the account titles and numbers used in the ledger of a company to classify transactions.
Transactions
Business activities or events that have a financial impact on the finances of a company, recorded in the accounting records.
T-Accounts
A graphic representation of financial transactions in the general ledger of a double-entry bookkeeping system where the left (debit) and right (credit) sides reflect different types of transactions.
Trial Balance
A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that should match.
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