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Examples of sensory modalities include
Accrual Adjusting Entry
An accounting entry made to record revenues that have been earned or expenses that have been incurred but not yet recorded through the normal transaction process.
Interest Expense
The financial charge for the use of borrowed capital, reflected in the income statement.
Insurance Expense
The cost associated with purchasing insurance policies to protect against risks, often reported as an operating expense.
Income Statement Accounts
Income statement accounts include all the revenue and expense accounts that determine a company's net income or net loss for a specific period.
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