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The Haber process is the first step in the manufacture of sulfuric acid.
Trial Balance
An accounting report that lists the balances of all ledger accounts to ensure that debits equal credits, used for internal checks.
Owner's Drawings
Owner's disbursements from a business in either a sole proprietorship or partnership for personal expenditures.
Salaries and Wages Expense
The total amount spent by a business on its employees' salaries and wages during a specific period.
Equipment
Tangible assets used in operations, such as machinery and office hardware, which are subject to depreciation over their useful lives.
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