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Accounts
Records of financial transactions pertaining to specific assets, liabilities, equity, revenues, and expenses within an organization.
Compound Entry
A type of journal entry in accounting that involves more than two accounts, with multiple debits, credits, or both.
Journalizing
The process of recording business transactions in the journal of accounting as part of the double-entry bookkeeping system.
Simple Entry
A journal entry that involves only two accounts.
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