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Thermometers Used in the Laboratory Must Be Calibrated Before They

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Thermometers used in the laboratory must be calibrated before they are put into use. This is accomplished by


Definitions:

Rent Revenue

Earnings from property that is leased to others for use.

Revenue Accounts

Accounts that track the income earned from a company's primary operations and other activities.

Closing Entries

Journal entries made at the end of an accounting period to transfer balances from temporary accounts to permanent accounts.

Accounting Period

The span of time at the end of which a company calculates its financial performance, typically a quarter or year.

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