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Socialized charismatic relationships do not include idolization and unquestioning obedience to the leader and hence they are not likely to reinforce or create a delusion of omnipotence on the part of the leader.
Closing Entries
Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts and prepare the company’s books for the next accounting period.
Merchandise Inventory
Goods that a company holds in stock with the intent to sell them as part of its business operations.
Purchase Discount
A reduction in the price of goods that a buyer can avail of for making early payments to the seller.
Sales Discount
A reduction in the price of goods or services offered to a customer, typically used to incentivize prompt payment.
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