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Subsidiary Ledger Accounts
Detailed accounts contained within a subsidiary ledger, tracking individual transactions related to a specific customer, supplier, or type of item.
Accounts Receivable
Money owed by customers for goods or services that have been delivered but not yet paid for.
Accounts Payable
Accounts payable are liabilities representing the amount a business owes to its suppliers or creditors for goods and services received but not yet paid for.
Cash Receipts Journal
A journal used to record all cash inflows or money received by the business.
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