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Journal Entries
A record of financial transactions in accounting that includes details like the date of the transaction, amounts involved, accounts affected, and a brief description.
Incurred Expense
An expense that a company has recognized on its books, representing a cost that has been encountered in the operation of the business.
Wages Paid
This refers to the total amount of remuneration paid by an employer to an employee, including salaries, commissions, and bonuses, for work performed during a specific period.
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