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What predominate intermolecular force is in CH3OH? Paired item 3)
Income Summary
An account used in the closing process that summarizes revenues and expenses for a period, transferring the net income or loss to the owner's equity.
Revenue
The aggregate financial gain acquired by a company from its essential sales activities involving goods or services.
Credit Normal Balance
The usual balance side for credit accounts, typically seen in liabilities, equity, and revenue accounts.
Adjusting Entry
Journal entries made at the end of an accounting period to update accounts for accurate financial reporting.
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