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What are norms?
Journal Entry
A record in the books of accounts that represents a business transaction and its effects on the company's finances.
Journal Entry
A record in accounting that represents a transaction and its effect on various accounts, used to transfer amounts from one account to another.
Profit and Loss Ratio
A financial metric that measures a company's profitability by comparing its profits and losses over a specific period.
Other Assets
Assets that do not fit into the standard categories of current or long-term assets, often including long-term investments, patents, or deposits.
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