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A nurse is trying to maximize the quality of life of her clients while reducing health care costs.Which of the following actions would most likely be completed by the nurse?
Credit Normal Balance
The usual balance side for credit accounts, typically seen in liabilities, equity, and revenue accounts.
Adjusting Entry
Journal entries made at the end of an accounting period to update accounts for accurate financial reporting.
Closing Entry
A journal entry made at the end of an accounting period to transfer temporary accounts to permanent accounts and prepare the books for the next period.
Real Account
Another term for permanent account in accounting, referring to accounts that are not closed at the end of the accounting period and carry their ending balance into the next period.
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