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I observe a galaxy that is 100 million light-years away: what do I see?
Chart Of Accounts
A systematic list of all accounts used by an organization, classified to facilitate financial management and reporting.
Transactions
Economic events that require recording in the financial statements because they affect assets, liabilities, or equity.
Normal Balance
The side (debit or credit) of an account that is increased, reflecting the account's natural balance.
Asset Account
An account that records the value of assets owned by a company, such as cash, inventory, and equipment.
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