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Paper towels and biohazard bags are commonly kept:
Adjusting Entry
An adjusting entry is a journal entry made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred, ensuring the accounts reflect true and fair values.
Liability Account
An accounting ledger that shows the debts or obligations of a business, indicating amounts owed to creditors.
Cash Received
This term refers to the amount of money received by a business during a specific period, from various sources like sales, loans, or investments.
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business, whichever is longer.
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