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The ability of an innovating firm to appropriation of returns to its innovation is wholly dependent on establishing property rights in the innovation
Adjusted Trial Balance
A trial balance after adjustments, showing the balances of all accounts including those adjusted, which will be used for preparing financial statements.
Supplies Expense
An accounting term referring to the cost consumed in using up supplies such as office materials over a specific accounting period.
Error
A mistake in the recording, classification, or processing of financial and non-financial transactions in accounting records.
Accrued Interest
Accrued interest is the interest that has accumulated on a loan or bond but has not yet been paid. It is recognized in the accounting records before the payment is made.
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