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-___ scale with five tones
Prepaid Items
Expenses paid in advance for goods or services to be received or used in the future, such as insurance or rent.
Accrued Expenses
Costs that have been incurred but not yet paid or documented in the accounting records during a specific accounting period.
Liability Accounts
Financial accounting records that represent the obligations or debts a company owes to others.
Expense Accounts
Accounts used to track and categorize money spent by a company in conducting its operations.
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