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When children are interviewed, it is often done by
Work Sheet
A document used in accounting to gather information from ledger accounts for the preparation of financial statements.
Temporary Accounts
Accounts used to collect revenues, expenses, and dividends information which are then transferred to permanent accounts at the end of the accounting period.
Closed
Refers to an account or period that has been concluded and no longer accepts entries or transactions.
Accrual Basis
An accounting method where revenues and expenses are recorded when they are earned or incurred, regardless of when the cash is exchanged.
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