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General Ledger
A comprehensive record containing all financial transactions of a company, used to prepare financial statements.
Accounts Receivable
Money owed to a company by customers for products or services that have been delivered but not yet paid for.
Subsidiary Ledger
A detailed ledger that contains the individual accounts related to a specific main account, such as accounts receivable or accounts payable.
Cash Sales
Transactions where payment is made immediately in cash at the time of sale.
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