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Which form of electromagnetic radiation has the lowest frequency?
Closing Entries
Journal entries made at the end of an accounting period to transfer temporary accounts' balances to permanent ones, thereby resetting the temporary accounts for the next period.
Permanent Accounts
The balance sheet accounts whose balances are carried over into future accounting periods, not closed at the end of the fiscal year.
Posting
The process of recording financial transactions to the appropriate accounts in the general ledger.
Adjusting Entries
Journal entries made in accounting records at the end of an accounting period to update the accounts for any accruals and deferrals that were not recorded during the accounting period.
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