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General Ledger Accounting Systems
Comprehensive accounting systems that collect, classify, and summarize financial transactions to create financial statements.
Cash Receipts
The collection of money (cash, checks, wire transfers) by a business during a given period, often recorded in the cash receipts journal.
Disbursements
Payments made by a business, including amounts paid out for expenses, through methods like checks or electronic transfers.
Accounts Receivable
This represents money owed to a company by its customers for goods or services provided on credit.
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