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The government of Puritania has begun a program to restructure of the economy, with a goal of moving toward a more market-oriented system. Which of the following is LEAST likely to occur as the result of this restructuring?
General Ledger
A comprehensive accounting record of all transactions of a company, detailed by accounts.
Sales Discounts Column
A column in accounting ledgers or software that records the discounted amounts given to customers for prompt payments or other reasons.
Special Journals
Accounting journals designed for recording and categorizing specific types of transactions for efficiency and specialization.
Posting Process
The accounting procedure of transferring journal entry information to the ledger to update account balances.
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