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X-Rays Are Similar to

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X-rays are similar to


Definitions:

Chart of Accounts

A structured list detailing a company's financial accounts, categorized to facilitate the organization and reporting of financial transactions.

Accounting Period

A specific time frame in which financial activities are recorded and reported, commonly a year or a quarter.

Adjustments

Modifications made to accounts to correct or allocate transactions properly, ensuring the accuracy of financial records.

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

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