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General Journal
A primary accounting record used to record all types of transactions before they are transferred to specific accounts in the general ledger.
Sales Tax
A government-imposed tax on the sale of goods and services, collected by the retailer and passed on to the government.
General Journal
A primary accounting record used to record all types of transactions before they are posted to the specific accounts in the ledger.
General Ledger
The main accounting record of a business that uses double-entry bookkeeping, which contains all the financial accounts and transactions of the company.
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