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A ____ is a purchased or shop-made device that makes a job safer and easier.
Consumed
Consumed refers to the portion of resources, goods, or services that have been used up in the process of generating revenue.
Accounting Period
A specific period of time covered by financial statements, usually encompassing a fiscal quarter or year.
Contra Account
An account used in accounting to record reductions of related accounts, which has a balance opposite to the normal balance of the related account.
Unearned Rental Revenue
Income received from renters but not yet earned because the rental period has not occurred.
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