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Adjustment For Expired Insurance
An accounting entry made to reflect the decrease in value of an insurance policy over time, moving its cost from an asset to an expense.
Accounts Receivable Subsidiary Ledger
A detailed ledger that tracks individual accounts receivable transactions and balances for customers.
Cash Receipts Journal
An accounting journal specifically used to record all receipts of cash, detailing the source of each receipt for a given period.
Record Payment
The process of documenting the payment of a bill or an obligation in the business’s financial records.
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