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Financial Statements
Formal records that outline the financial activities and position of a business, individual, or other entity.
Accounts
Records that summarize transactions related to a specific asset, liability, equity, revenue, or expense.
Prepayment
The payment of a bill, debt, or obligation before its due date, often securing a discount or avoiding penalties.
Deferred Revenue
Income received by a company for goods or services yet to be delivered or performed, recognized as a liability until the revenue earning criteria are met.
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