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Double-Entry Bookkeeping
An accounting system where every entry to an account requires a corresponding and opposite entry to a different account.
Fraud
The intentional deception made for personal gain or to damage another individual or entity.
Journalizing
The process of recording financial transactions in the accounting journal.
Journal
A basic accounting record where all the financial transactions of a business are initially recorded in chronological order before being posted to accounts in the ledger.
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