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This analysis identifies the key factors for success that will dictate how well the firm is likely to do.
Contra Accounts
Accounts used in accounting to reduce the value of a related account to derive its net balance; examples include accumulated depreciation.
Normal Balances
The side of an account (debit or credit) where increases to the account are recorded; assets and expenses typically have debit normal balances, while liabilities, equity, and revenue have credit normal balances.
Perpetual Inventory System
An inventory tracking system that updates item records in real-time as transactions occur, providing a constant current inventory level.
Perpetual Inventory System
An inventory accounting system that records inventory purchases and sales in real-time.
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