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Why did the accusations of witchcraft in Salem suddenly snowball in 1692?
Transferring Debits
The process of moving debit entries from one account to another in accounting, typically to ensure accuracy in financial records.
Credits
A bookkeeping entry that raises a liability or equity account or lowers an asset or expense account.
Journal Entries
The basic building blocks of accounting, representing financial transactions recorded in a company's ledger.
Posting
The process of transferring financial information from the journal to the respective accounts in the ledger, a crucial step in the accounting cycle.
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