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With the spread of Islam,converts had to learn Arabic.
General Ledger Accounts
The comprehensive set of accounts that record all financial transactions of a business, summarized in the general ledger.
Owner's Capital
The amount of equity a business owner has invested in the company, representing the owner's stake or ownership interest.
General Journal
A primary accounting record where all types of financial transactions are initially recorded using the double-entry bookkeeping method.
Adjusting Entries
Journal entries made at the end of an accounting period to update account balances before financial statements are prepared.
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