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At the national level why is it important to measure productivity?
Journalizing
The process of recording transactions in a company's journal, marking the first step in the accounting cycle.
Posting Process
The procedure of transferring journal entry amounts to their respective accounts in the ledger.
Debit Posted
An accounting entry that increases an asset or expense account, or decreases a liability or equity account, reflected on the left side of an account.
Credit Posted
The process of recording a credit transaction in the accounting records, indicating an increase in liabilities or a decrease in assets.
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