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Transaction
A financial event or agreement that results in a change to the balance of two or more accounts within a company's financial records.
Accounts
Recordings within financial accounting that track specific types of transactions, such as assets, liabilities, equity, expenses, and income.
Journal
A comprehensive record of all financial transactions of a business, listed in chronological order.
Trial Balance
A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns to ensure a company's bookkeeping system is mathematically correct.
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