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Balance Sheet
An accounting document showcasing a firm's assets, debts, and equity of shareholders at a precise time.
Last Day
The final day of a given period, often used in the context of contracts, employment, or calendar periods.
Retainer Fee
An upfront cost paid by a client to secure the services of a consultant, lawyer, or other professional for a specified period, ensuring availability and commitment.
Recorded
The process of documenting financial transactions in the accounting records of an organization.
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