Accounting Book 2

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Ease of converting an item to cash.

A business form used for recording accounting information in chronological order.

The process of transferring the information from a journal entry to the ledger accounts.

Any journal used in an accounting system

A group of accounts.

Any entry made in the right-hand amount column of a general journal.

A record that summarizes all the characteristics of a single item of the equation.

Anyone to whom a business owes money.