Examlex
Multiply using the rule for finding the product of the sum and difference of two terms.
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Services Performed
The execution of tasks or provision of work done for clients or customers as part of business operations.
Supplies Expense
Costs recorded as an expense when supplies are used up in the normal course of doing business, not when they are purchased.
Owner's Equity
The residual interest in the assets of an entity after deducting liabilities, representing the capital belonging to the owners.
Adjusting Entry
An accounting journal entry made at the end of an accounting period to allocate revenue and expenses to the period in which they actually are applicable.
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