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Which of the following serves as the filter for the blood in the kidney?
General Ledger
The comprehensive set of accounts that summarizes all transactions occurring within an organization, serving as the foundation for financial reporting.
Subsidiary Ledger
A detailed ledger that contains the individual accounts supporting a specific general ledger summary account.
Sales Returns and Allowances
Accounts that reduce total sales revenues on the income statement due to returned or damaged goods, or price allowances granted to customers.
Contra-Revenue Account
An account in the general ledger that reduces the total gross revenues reported by the business, including returns, allowances, and discounts.
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