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Describe three types of learning disabilities. What long-term outcomes are associated with having a learning disability?
Closing Entries
Journal entries made at the end of an accounting period to transfer balances from temporary accounts to permanent accounts.
Revenue
The aggregate revenue from selling goods or services, which constitute a firm's central business functions.
Expense Accounts
Accounts used to record the consumption of assets or services that result in a decrease in owner's equity, excluding the withdrawal of business assets by the owner.
Income Summary Account
A temporary accounting ledger that aggregates all income and expenses over a period to calculate net profit or loss.
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