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Precipitation reactions occur
Accounts Receivable
Money owed to a company by its customers for products or services that have been delivered but not yet paid for.
Adjusting Entry
An accounting journal entry made at the end of a period to record any unrecognized income or expenses for that period, ensuring accuracy of the financial statements.
Maturity Value
The amount to be paid to the holder of a financial instrument at its maturity date.
Note Receivable
A written promise that one party will receive a specified sum of money from another party at a future date.
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