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Interpret the Articles of Confederation as a guide for democracy in the United States.Were they successful? Why or why not?
Asset Account
An account that represents a resource owned by a business from which future economic benefits are expected.
Expense Account
An account used to record expenses incurred by a business, which are then used to reduce income on the profit and loss statement.
Understated
Understated means that a financial amount has been reported or recorded as less than its actual or true value.
Posting
The process of recording financial transactions in the accounting ledger from the journal.
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