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A substance that accepts hydrogen ions
Recurring Transactions
Transactions that occur regularly, such as monthly subscriptions or utility payments, which can be automated in accounting software.
Adjusting Entries
Bookkeeping records created at the closure of an accounting cycle to distribute revenues and expenses to the timeframe in which they were genuinely incurred.
Onscreen Journal
A digital ledger within accounting software that displays financial transactions in chronological order.
Depreciation
The method of allocating the cost of a tangible asset over its useful life.
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