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As noted in the text, perhaps the major way in which the family affects delinquency is by:
Subsidiary Ledger
A detailed ledger that contains the individual accounts related to a specific main account, facilitating detailed tracking and reconciliation.
General Ledger
The primary accounting record of a company that uses double-entry bookkeeping, summarizing all transactions into debits and credits.
Allowance Account
A contra asset account that reduces the gross amount of receivables to reflect a more accurate value of expected collections.
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