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Which of the following it not an annuity?
Expense Accounts
Accounts used to record the consumption of economic benefits during the operational period, contributing to revenue generation.
Income Summary
An account used in the closing process that summarizes revenues and expenses for a period before transferring the balance to retained earnings.
Revenue Account
An account that tracks the income earned by a company from its normal business operations, excluding expenses.
Debit
The left side of an account.
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