Examlex
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Accounts
Accounts refer to the records of financial transactions, reflecting credits and debits in the financial statements of a business or an individual.
General Ledger
A complete record of all the financial transactions of a company, organized by accounts, which provides the data used to create financial statements.
Chart of Accounts
An organized list of all the account titles and numbers used in the ledger of a company to classify transactions.
Transactions
Business activities or events that have a financial impact on the finances of a company, recorded in the accounting records.
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