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When asked to predict their future performance in mathematics,boys
Accounts
A record within an accounting system that keeps track of financial transactions of a specific type, such as assets, liabilities, revenue, expenses, and equity.
Closing Entries
Adjustments made at the end of an accounting period to transfer balances from temporary to permanent accounts to prepare the books for the next period.
Revenues
Income generated from normal business operations, often from the sale of goods and services to customers.
Expenses
Costs incurred by a business or individual in the process of earning revenue, ranging from utilities to salaries.
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