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To give the interviewing process more consistency, a business owner should develop a series of core questions and ask them of every candidate.
Chart of Accounts
An organized list of all the accounts in a company’s general ledger used for recording financial transactions.
Asset Accounts
Accounts on the balance sheet representing valuable resources owned by the company expected to provide future benefits.
Three Column Form
A documentation format usually used in accounting and bookkeeping that showcases debits, credits, and balance for individual accounts.
Debit
An accounting entry that either increases an asset or expense account, or decreases a liability or equity account.
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