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Debit and Credit
Accounting terms used to record transactions in the accounts, where debits increase asset or expense accounts and decrease liability, equity, or revenue accounts, and credits do the opposite.
Operations
The day-to-day activities involved in running a business that lead to the production of goods and delivery of services.
Journalizing
Journalizing is the process of recording transactions in a company's journal prior to posting them to the general ledger.
Posting Process
The procedure of transferring entries from a company's journal into the appropriate accounts in its ledger, which helps in summarizing financial activities.
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