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Quasars are caused by galaxy collisions in the early Universe.
Gross Method
An accounting practice where purchase discounts are ignored unless they are actually taken by the purchaser.
Period-End Adjusting Entry
Journal entries made at the end of an accounting period to update accounts for accruals and deferrals that have not been recorded.
Sales Discounts
A reduction in the price of a product or service offered by a seller to encourage prompt payment by the buyer.
Periodic Inventory System
An inventory accounting system where goods are physically counted at specific intervals for financial reporting.
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