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The macula densa
Adjustments
Entries made in accounting records to correct errors or allocate revenues and expenses to the appropriate accounting period.
Depreciation
The procedure of distributing the cost of a solid asset over the time it is considered useful.
Accrual Basis
A system in bookkeeping where earnings and expenses are documented at the point of transaction, not necessarily when cash exchanges hands.
Cash Basis
An accounting method that recognizes revenues and expenses only when cash is received or paid, as opposed to the accrual basis accounting.
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