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Journal
A record where all financial transactions are initially documented in chronological order.
Record
The act of documenting business transactions in the financial books of a company.
Stockholders' Equity Accounts
Accounts on a company's balance sheet that represent the ownership interest of shareholders, including common stock, retained earnings, and additional paid-in capital.
Credits
Accounting entries that increase liabilities or equity accounts, or decrease asset or expense accounts, reflecting the sources of the value in the transaction.
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