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Benford's Law predicts the distribution of first digits.
Fiscal Year Periodic Statements
Financial statements prepared at regular intervals, typically annually, based on the company's fiscal year rather than a calendar year.
Compound Entry
A transaction involving more than one debit or credit.
Journal Entry
A record in accounting that notes the debit and credit transactions affecting the financial statements.
Multi-Level Entry
A complex accounting entry that affects more than two accounts, used to record transactions that cannot be captured with a simple debit and credit.
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