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One common pitfall in implementation of community policing is the expectation that the results will be immediate and measurable.
Operating Expenses
Costs associated with the day-to-day operations of a business, such as rent, utilities, salaries, and maintenance, but not including cost of goods sold.
Adjusting Entries
Accounting records created at the close of a fiscal period to distribute revenues and expenses to the timeframe they genuinely transpired.
Reversed
In accounting, referring to the action of negating a previous transaction or entry to correct or adjust financial records.
Accrual Basis
An accounting method where income and expenses are recorded when they are earned or incurred, regardless of when the cash transactions occur.
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