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MATCHING
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-the general capacity to adapt and respond favorably to physical effort
Realization Account
An account used in the process of dissolving a partnership or corporation, where the assets are converted into cash and liabilities are paid off.
Post-closing Account Balances
The balances of all ledger accounts after adjusting entries have been made and temporary accounts have been closed out at the end of an accounting period.
Non-cash Assets
Assets that are not in the form of cash or cannot be easily converted into cash, such as property, plant, and equipment.
Sale
A sale involves the exchange of a good or service for payment, constituting a basic, essential activity of any business.
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Q113: A _ _ _ was established in