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Subsidiary Ledger
A detailed ledger that provides a breakdown of transactions relating to a specific account, which then rolls up into the general ledger.
Usefulness
Usefulness in a business context often refers to the degree to which information or data meets the needs of its users, enabling informed decision-making.
General Journal
A book or electronic record in accounting where transactions are entered before they are posted to individual accounts.
Cash Receipts Journal
A specialized accounting journal used to record all cash inflows or receipts into a business.
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