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Cash Account
An account that records cash transactions, including cash received and disbursed, maintained by a company to keep track of its liquid assets.
Recorded
This term signifies the process of documenting transactions and events in the accounting records of a business.
Major Account Groups
Categories used in accounting to organize and summarize financial transactions, including assets, liabilities, equity, revenue, and expenses.
Basic Chart
A visual representation of data designed to display simple information clearly and concisely, often used in reporting and analysis.
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