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The implementation of which features of an identity management system reduces costs and administration overhead while improving audit and accountability?
Adjusted Trial Balance
A statement that lists all accounts and their balances after adjusting entries are made, ensuring the total debits equal total credits.
Debit
An accounting entry that increases asset or expense accounts, and decreases liability, equity, or revenue accounts.
Credit
A financial arrangement where goods, services, or money is borrowed by one party from another, with the promise of repayment usually with interest.
Prepaid Rent
An accounting term for payments made in advance for rent that covers future periods, recorded as an asset on the balance sheet until it is consumed.
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