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A vocalized pause occurs when a salesperson stops speaking to answer a question.
Financial Statement
A documented account of financial transactions and standing for businesses, individuals, or alternative entities.
Permanent/Temporary
Terms distinguishing between accounts that are not closed out or reset at the end of the accounting year (permanent accounts) and those that are (temporary accounts).
Normal Balance
The standard side (debit or credit) on which increases to an account are recorded.
Financial Statement
Reports that summarize the financial condition and operations of a business.
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