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If there is a clear rival explanation, a controlled comparison design does not work well.
Prepaid Rent Expense
An accounting term for rent payments made in advance of the rental period, recorded as an asset on the balance sheet until the period of use.
Adjustment
The process of making entries to correct accounts or to allocate amounts properly at the end of an accounting period.
Office Equipment
Assets like computers, desks, chairs, and printers that are used in an office setting for the operation of the business.
Depreciation
The accounting method of allocating the cost of a tangible asset over its useful life.
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