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Trial Balance
A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account columns to check the accuracy of financial records.
Errors In Journalizing
Mistakes made during the process of recording transactions in the journal, which can include omission, duplication, or incorrect entries.
Owner's Drawings
These are the withdrawals of cash or other assets by the owner from the business for personal use.
Owner's Capital
The amount of equity in a company that belongs to the owner, including initial investment plus any retained earnings.
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