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Pneumatic timers are adjustable over a wide range of time periods.
Accounts Payable
A financial record that reflects a firm's responsibility to clear a short-term obligation to its creditors or suppliers.
Subsidiary Ledger
A detailed ledger that contains all the transaction details of a specific account, which then summarizes into a general ledger.
Controlling Account
A general ledger account that summarizes the total balances of all subsidiary accounts related to it.
Perpetual Inventory Method
An inventory management system where updates are made continuously as inventory items are purchased and sold, providing real-time inventory levels.
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