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Universities sometimes hire professors who are poor teachers but have good research skills because
Asset Account
An account on a company's balance sheet that represents a resource with economic value that an entity owns or controls.
Journal
An official financial record in which transactions are recorded in chronological order before they are transferred to accounts in the general ledger.
Ledger Accounts
Records that reflect the financial transactions of a company, organized within a book or a computerized accounting system.
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