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After notice-and-comment rulemaking,the U.S.Bureau of Land Management (BLM) issues a new rule and applies it to Clearcut Timber Company.Clearcut appeals the application to a federal court.The court will most likely defer to the BLM's interpretation of
General Ledger
A comprehensive collection of a company's accounts, including all transactions and balances, used for preparing financial statements.
Special Journal
A type of accounting journal designed for recording a specific kind of transaction in a more efficient and detailed manner.
General Journal
A comprehensive record of all financial transactions of a company, listed in chronological order.
Correcting Entry
A correcting entry in accounting is a journal entry made to amend a previously recorded error in the financial statements.
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