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What are some of the major factors that influence police discretion?
Asset Account
An account that represents a tangible or intangible item of value owned by a company, such as cash, inventory, or equipment.
Revenue Account
An account that records the income earned from normal business operations, such as sales of goods or services.
Liability Account
An account recording a company's debts or obligations arising from past transactions or events.
Posting
Posting is the process of recording financial transactions from the journal to the respective ledger accounts, providing a detailed account of all business operations.
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