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A plurality opinion is one in which
Permanent Accounts
Accounts that carry their ending balances over to the next accounting period and are not closed out.
Adjusting Entries
Journal entries made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.
Accruals
Accounting adjustments for revenues that have been earned or expenses that have been incurred but not yet recorded through daily entries.
Deferrals
Expenses or revenues that have been recorded but not yet realized. This can involve money that has been received or paid but not yet earned or incurred.
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