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Accounts Payable Subsidiary Ledger
A detailed ledger that breaks down the amounts owed by a business to its suppliers or vendors into individual accounts.
Purchases Journal
A special journal used to record all purchases of merchandise on credit, tracking the accumulation of goods over a period.
Equipment Purchased
The acquisition of physical assets like machinery or technology used in the production of goods or services.
Accounts Receivable Subsidiary Ledger
A detailed ledger that tracks individual customer transactions and balances, complementing the overall accounts receivable account.
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