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An action that takes place while a program is running is a(n) __________.
Travel and Entertainment
Expenses incurred by an employee or a business in the course of business-related travels or entertaining clients, which may be deductible for tax purposes.
Property Development
It involves the process of purchasing land or property, making improvements or constructing new buildings, and selling or leasing them for profit.
Debits and Credits
Accounting entries that respectively increase asset or expense accounts and decrease liability, revenue, or equity accounts (for debits), and vice versa for credits.
Current Assets
Assets that a company expects to convert to cash or use up within one year or the operating cycle, whichever is longer.
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