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Prestige and honor within the scientific community depend largely on
Adjusting Entries
Entries made in accounting records at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.
Reversing Entries
are journal entries made at the beginning of an accounting period to reverse or cancel out adjusting entries from the end of the previous period.
Reversing Entries
Journal entries that are made at the beginning of an accounting period to reverse or cancel out adjusting journal entries made at the end of the previous accounting period.
Assets
Resources owned by a company that have economic value and can provide future benefits.
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