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Special Journals
Accounting books designed for recording specific types of transactions in a detailed and efficient manner.
Purchases Journal
A special journal that records all purchases of merchandise on account.
Merchandise
Goods purchased for resale to customers in the ordinary course of a business's operations.
Subsidiary Ledger
A subsidiary ledger is a detailed record that supports the entries recorded in a primary accounting ledger, often used for accounts like accounts payable and receivable.
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