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Graph the inequality.
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Permanent Accounts
Accounts on the balance sheet whose balances are carried over into the next accounting period.
Post-closing Trial Balance
A list of all company accounts that remain after adjusting entries and closing entries have been made, used to test the balance of debits and credits.
Asset Accounts
Accounts on a balance sheet representing resources owned or controlled by a company with future economic value.
Liability Accounts
Accounts that represent amounts owed to creditors or bills that must be paid in the future, contributing to a company’s liabilities on the balance sheet.
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