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Discuss the determinants of movements in long-term yields.
Annual Accounting Period
A 12-month time span used by businesses for financial reporting and accounting purposes.
Chart of Accounts
A systematic listing of all ledger account names and numbers used by a company, organized by the assets, liabilities, equity, revenue, and expenses.
Closing Entry
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 period.
Debit and Credit
Fundamental concepts in double-entry bookkeeping, where debits are entries on the left side of an account and credits are entries on the right.
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