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Programmers often make assumptions about the type of inputs aprogram will receive.
Asset Accounts
Ledger accounts that record a company's owned resources with economic value expected to provide future benefits.
Compound Entry
An accounting entry that involves more than two accounts, where there are multiple debits, credits, or both.
Three Accounts
A fundamental concept in accounting that typically refers to the three major financial statements: the balance sheet, income statement, and cash flow statement.
Accounts Payable
Money owed by a company to its suppliers or vendors for goods and services received but not yet paid for.
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