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About how many electrons are in 30 grams of water (H2O) ?
Beginning Balance
The sum of funds in an account at the beginning of a new accounting cycle, transferred from the conclusion of the last period.
Chronological Record
A method of recording events or transactions in the order of their occurrence in time.
Debits and Credits
Accounting entries that either increase or decrease accounts on a company's balance sheet and income statement.
Posting Process
The act of transferring entries from a journal to the corresponding accounts in the ledger as part of the accounting cycle.
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