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Schemas are resistant to change.
Financial Statement
Official documents detailing the monetary transactions and financial status of a company, person, or any distinct unit.
Permanent/Temporary
Describes items or accounts within financial accounting that either persist over time (permanent) or are expected to be concluded within a certain period (temporary).
Normal Balance
The side (debit or credit) on which entries increase an account's balance, based on the accounting equation.
Financial Statement
A written record that conveys the financial activities and conditions of a business or individual, typically including the balance sheet, income statement, and cash flow statement.
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