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What is "Hermeticism"?
Supplies On Account
The purchase of supplies on credit, where payment is deferred to a later date.
Normal Balance
The side (debit or credit) of an account that is expected to have a higher balance based on the account type.
Service Revenue
Income earned by a company through the provision of services to customers, as opposed to selling goods.
Rent Expense
The cost incurred by a business or individual for leasing a property or space.
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