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A normally closed (NC) relay contact is closed when current flows through the coil.
Journal Entry
A written record in accounting that documents a business transaction in the general ledger.
Net Position
The difference between an entity's assets and liabilities, indicating the financial health or status of the entity.
Fund Balance
The net assets of a governmental fund calculated as the difference between its assets and liabilities, representing the cumulative results of operations.
Statement of Revenues
A financial document outlining the sources and amounts of a company's or government's income over a specific period.
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