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Why are temporary accounts not included in the post-closing trial balance?
External Market Price
The price at which a product or service is sold in the open market to external customers, outside of the company or organization.
Producing Division
The producing division refers to a department or segment within a company responsible for the production of goods or services.
Decentralised Organisation
A type of organizational structure where decision-making is distributed among various levels and departments rather than being concentrated at the top.
Centralised Organisation
An organizational structure where decision-making and authority are concentrated at the top levels of management.
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