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Simplify the rational expression.
Working Capital
The difference between a company's current assets and current liabilities, indicating the amount of liquid assets available to fund its day-to-day operations.
Chart of Accounts
A structured list of all the financial and nominal accounts in a company, detailing every type of transaction a business might conduct.
Accounting System
A structured process of collecting, recording, summarizing, and interpreting financial information of a business.
Adjusting Entries
At the close of a financial period, journal entries are created to distribute earnings and costs to the period in which they genuinely took place.
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