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What shouldn't be done if you have a respiratory infection (e.g., the common cold) to reduce the spread of disease agents?
Balance Sheet
A financial statement that displays a company's assets, liabilities, and equity at a specific point in time.
Permanent Accounts
Accounts that carry their ending balances from one accounting period to the next, including assets, liabilities, and equity accounts.
Adjusting Entries
Adjusting entries are journal entries made at the end of an accounting period to update the accounts and ensure that the financial statements reflect accurate and fair amounts.
Temporary Accounts
Accounts that are closed to the owner's equity account at the end of the accounting period.
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