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Knowledge management enables employees to leverage organizational knowledge to work more efficiently.
Trial Balance
A trial balance is a bookkeeping report that lists the balances of all general ledger accounts of a company at a specific time, used to verify the equality of debits and credits.
Ledger
A book or collection of financial accounts where transactions are recorded, including credits and debits, typically categorized for easy tracking.
Creditors
Individuals or entities that have provided goods, services, or loans to another entity, to which the latter is obliged to repay.
Purchases
Transactions involving the acquisition of goods or services in exchange for payment, contributing to a business's inventory or operational needs.
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