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By what methods can a person gain admittance to a partnership?
Debit Columns
Sections in accounting journals or ledgers where debits are recorded, used for increasing asset and expense accounts and decreasing liability, equity, and revenue accounts.
Adjusting Journal Entries
Entries made in the accounting records to correct any discrepancies or to make non-cash adjustments.
Wages Expense
The total cost incurred by an employer for paying the hourly earnings of its employees.
Wages Payable
The total amount of wages earned by employees that the company has not yet paid.
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