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Journalize Transactions
The process of recording business transactions in a company's journal, thereby providing a chronological record of financial activities.
Accrued Interest
Interest that has been earned but not yet paid, accumulating on bonds, loans, or any interest-bearing assets.
Note Receivable
A written promise for the amounts to be received within a certain period of time, which represents a right to receive payments from another entity.
Payment of Account
The process of settling an amount owed to a creditor or vendor, often referred to as making a payment on an account.
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