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Explain the various types of guilty pleas.
Accounting Period
A specific period of time for which financial statements are prepared, often a year or a quarter.
Ledger Accounts
Detailed financial records maintained within the ledger, tracking transactions related to specific assets, liabilities, equity, income, and expenses.
Dividends Account
An account that records the dividends declared by a corporation to be distributed to its shareholders.
Net Income
The total profit of a company after all expenses, including taxes, have been deducted from revenues.
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