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Consulting Revenue
Income generated from providing expert services to clients on a professional basis.
Down Payment
An initial upfront portion of the total amount due that is paid at the time of purchase, often in the context of buying property or high-value items.
Accrued Expenses
Expenses that have been incurred but not yet paid for, recognized in the accounting period they are incurred, not when they are paid.
Accounting Period
A specific period of time used for financial accounting purposes, during which financial statements are prepared.
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