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You need to find an audio file on Google Drive that your manager shared with you recently. You know that the type of file you are looking for is audio, and the owner of the file is lisa@kelvincars.com. What should you do to quickly find the file on Google Drive?
Ledger Account Balances
The current balances in ledger accounts, reflecting all transactions recorded over time.
Liability Account
An account documenting the obligations or debts a company owes to others, which must be settled over time.
Normal Balance
The usual debit or credit balance that an account type is expected to have, which helps in ensuring the correct recording of transactions.
Debit
An accounting entry that results in either an increase in assets or a decrease in liabilities on a company's balance sheet.
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