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Financial Statement Order
The sequence in which the key financial documents are prepared, typically including the income statement, balance sheet, statement of cash flows, and statement of retained earnings.
Debits And Credits
Fundamental accounting concepts that are used in double-entry bookkeeping, where debits must equal credits in every transaction.
Journal Entries
Accounting records that document all financial transactions in the order they occur, ensuring accurate tracking of business operations.
Posting
The process of recording financial transactions in the ledger of an accounting system.
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