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How does a prog differ from an analysis?
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Credit Side
The right side of an accounting ledger where credits are recorded, typically indicating an increase in liabilities or revenues or a decrease in assets or expenses.
Journalizing
The process of recording transactions in a journal. This is the first step in the accounting cycle, where financial transactions are initially recorded.
Posting Process
The procedure of recording financial transactions into the appropriate accounts within the ledger.
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