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What is the 'IT productivity paradox'? Evaluate the relative arguments between the technology pessimists and optimists.
Normal Balance
The side (debit or credit) of an account that is expected to have a higher balance, based on the accounting equation.
Financial Statement
Reports that summarize the financial performance, position, and cash flows of a business for a specific period.
Account
An account is a record within an accounting system that is used to store financial transactions of a particular type, such as assets, liabilities, equity, revenues, and expenses.
Withdrawals
Money or other assets taken out from a business by its owner(s) for personal use.
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