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Oeberst and Blank (2012) argued that:
Adjusting Entry
A journal entry made at the end of an accounting period to update account balances before preparing financial statements, ensuring they reflect the true financial position.
Financial Statements
Financial reports that summarize the effects of events on a business.
Interest Note
A financial instrument that serves as a formal promise to pay interest in addition to the principal amount borrowed.
Small Companies
Businesses with a relatively small market share or workforce, often defined by specific criteria such as revenue, assets, or number of employees.
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