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Cash Payments Journal
A financial journal that records all cash payments made by a business, including expenses, asset purchases, and debt payments.
Accounts Receivable Subsidiary Ledger
A detailed ledger that contains individual customer accounts, tracking the amounts owed by each customer to a business.
General Ledger
A comprehensive record of all financial transactions, organized by account, used to compile financial statements.
Control Accounts
General ledger accounts that summarize the details of transactions recorded in subsidiary ledgers.
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