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Properly programmed,the computer-administered approach guarantees a 75% reduction in interviewer errors.
Normal Balance
The side of an account (debit or credit) that is expected to have a higher balance, based on accounting rules.
Owner's Drawings
Removal of funds or other valuables from a company by the proprietor for their personal benefit.
Cash
A form of liquid asset that represents immediately available funds for transaction, trade, and settling debts.
Accounts Receivable
Money owed to a business by its clients or customers for goods or services delivered or used but not yet paid for.
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