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What Was the Role of the National Bank in the Development

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Essay

What was the role of the National Bank in the development of America's Market Revolution? Explain how the Bank operated to fulfill this role.


Definitions:

Two-column Journal

A type of accounting journal that consists of two columns, typically one for debits and one for credits.

General Ledger

A comprehensive record of a company's financial transactions over the life of the organization.

Journalizing Errors

Mistakes made during the recording of transactions in the accounting journals.

Computerized Accounting System

An application or software used for recording and processing accounting transactions within functional modules such as accounts payable, accounts receivable, and payroll.

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