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The incremental validity of assessment centers in predicting performance is relatively small.
Adjusting Entries
Accounting entries made to adjust the books of accounts to reflect the true financial position and performance of a company at the end of a financial period.
Salaries Expense
The total amount recorded by a company for the salaries of its employees.
Salaries Payable
An account reflecting the debts to workers for performed but unpaid work.
Closing Entry
Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts, ultimately resetting the balances of temporary accounts to zero.
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