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Paul Dieringer was completely potty trained by age 4. Shortly thereafter, his baby sister was born and Paul was enrolled in preschool. His mother seemed to have less time for him and it was about that time that Paul started passing feces into inappropriate places; that is, his mother would find "evidence" in his clothing or on the floor in the back of his closet. Paul would most likely receive a diagnosis of:
Compound Entry
An accounting entry that involves more than two accounts, where there are multiple debits, multiple credits, or both in a single transaction.
Account
A summary document that captures every transaction associated with an individual entry in the accounting balance equation.
Financial Information
This encompasses all the data regarding the financial status, performance, and changes in financial position of an entity.
Normal Balance
The side (debit or credit) of an account that is increased. For example, assets increase on the debit side, while liabilities increase on the credit side.
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