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As described in the text, the Global Compact is a good example of a multilateral agreement.
Accounts Used
Refers to specific accounts in the general ledger that are impacted by transactions and financial events of a business.
Recording Revenue
The process of documenting the income a company generates from its business activities, typically recognized when goods or services are delivered.
Increase in Assets
An upward adjustment or growth in the value of resources controlled by a company that are expected to bring future economic benefits.
Decrease in Liabilities
A reduction in the total amount of obligations (debts or dues) that a company owes to creditors or third parties.
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