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Ledger Accounts
Individual financial records within the ledger that capture all transactions related to a specific asset, liability, equity, revenue, or expense.
Recording Process
The systematic method of capturing, documenting, and maintaining financial transactions and events in the accounting records of an organization.
Ledger Accounts
Individual accounts within the ledger that record transactions related to a company's assets, liabilities, equity, revenue, and expenses.
Journal
A detailed record where all financial transactions of a business are initially recorded before being transferred to the accounts in the general ledger.
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