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Both extremes of an array of phenotypes are favored.
Accrued Revenue
Revenue that has been earned, but not yet received in cash or recorded in the accounts.
Adjusting Entry
A journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate period for accurate financial reporting.
Owner's Equity
The residual interest in the assets of a business after deducting liabilities, representing the owner's claim against the company's assets.
Accumulated Depreciation
The cumulative depreciation of an asset up to a single point in its life, representing the wear and tear or usage.
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