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When different forms of a trait are becoming more or less common over successive generations, what is taking place?
Closing Entries
Adjustments made at the end of an accounting period to transfer balances from temporary to permanent accounts to prepare the books for the next period.
Revenues
Income generated from normal business operations, often from the sale of goods and services to customers.
Expenses
Costs incurred by a business or individual in the process of earning revenue, ranging from utilities to salaries.
Drawing Account
An account used to record withdrawals made by an owner from the business for personal use.
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