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Explain the SWOT analysis.
Correcting Entry
A journal entry made to rectify an error in the accounting records, ensuring the accuracy of financial statements.
Equipment
Tangible assets used in operations, not intended for sale, that have a useful life of more than one year.
Supplies
Consumable items or materials used in the day-to-day operations of a business.
Investments
Assets that are purchased with the expectation that they will generate income or appreciate in the future.
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