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Special Journal
A specialized accounting journal designed to record a particular type of transaction consistently, such as sales or cash disbursements.
General Journal
A book or document where all financial transactions of a business are initially recorded, prior to being transferred to specific accounts in the general ledger.
Internal Transactions
Financial transactions that occur within an entity, affecting its internal accounts without involving external parties.
Partial Payment
A payment made that is not the full amount owed at the time, typically agreed upon in advance between debtor and creditor.
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