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Post. Ref. Column
Short for Posting Reference Column, it's used in journal entries to indicate where data is transferred in the ledger.
General Journal
A primary accounting record where financial transactions are initially recorded in chronological order.
Ledger
A comprehensive collection of a company's accounts, including assets, liabilities, equity, revenue, and expenses, used for tracking financial transactions.
Debit Side
The left-hand side of a ledger account, recording increases in assets or expenses and decreases in liabilities or equity.
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