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Contract and temporary workers are very loyal to the organization,and are very motivated to work.
Normal Balance
The side (debit or credit) on which increases are recorded in an account, based on the type of account.
Financial Statement
Reports that present the financial performance, position, and cash flows of a business for a specified period.
Permanent/Temporary
Terms used to distinguish between accounts or items that either persist over multiple accounting periods (permanent) or exist for only one period (temporary).
Normal Balance
The side (debit or credit) of an account that is typically increased in accounting.
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