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At the bottom of the hierarchal pyramid are the ______, who do the actual police work.
General Ledger
A complete record of all financial transactions over the life of a company, used to compile the financial statements.
Ledger Accounts
Accounts contained within a ledger, representing a summary of all financial transactions related to that account's category.
Normal Balance
The side (debit or credit) of an account that is usually increased, reflecting its nature as an asset, liability, equity, revenue, or expense.
Equity
The ownership interest held by shareholders in a corporation, calculated as total assets minus total liabilities.
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