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Information can be recovered from a hard drive even after file have been deleted.
Asset Account
Accounts used in accounting to track the resources owned by a company that have future economic value.
Accounts Receivable
Amounts due from customers to a firm for goods or services supplied but still unpaid.
Chart of Accounts
A structured list of all accounts used by a business, organized by type, used for organizing financial transactions and preparing financial statements.
Expense Account
An account used to record the costs incurred by a business in the process of generating revenue, excluding direct materials and direct labor expenses.
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