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RAID _______________ is the process of using two drives to hold the same data, which is good for safety, because if one drive dies, the other still has all of the data.
Equipment
Fixed assets used in operations, such as machinery, computers, and furniture, which have a useful life of more than one accounting period.
Adjusting Entries
Adjusting entries are journal entries made at the end of an accounting period to update account balances before preparing financial statements, aligning them with the accrual basis of accounting.
Current Assets
Holdings that are projected to be liquidated, traded, or used up within twelve months or over the course of the operating cycle, depending on which timeframe is more extended.
Current Liabilities
Financial obligations or debts that a company is expected to settle within one year or within its operating cycle.
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