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What is the meaning of the "wedge bond" in the following structure?
Permanent/Temporary
Categories that describe the expected tenure or duration of a job, position, or assignment, denoting whether it is expected to last indefinitely (permanent) or for a limited time period (temporary).
Normal Balance
The typical side (debit or credit) on which an account increases, depending on its type (asset, liability, equity, revenue, or expense).
Financial Statement
Reports that provide detailed information about a company's financial performance and position, including income statements, balance sheets, and statements of cash flows.
Permanent/Temporary
Categories used to describe the durability of various accounts within accounting; permanent accounts track financial data across multiple periods, while temporary accounts are closed at the end of each period.
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