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Explain the differences between the three divisions of Buddhism.
Adjusting Journal Entries
Entries made in accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.
Closing Journal Entries
Entries made in the accounting records at the end of an accounting period to transfer balances from temporary to permanent accounts.
Salary Expense
An expense account that records the total amount of salary payments made to employees over a period of time.
Accrued Salaries
Salaries that have been incurred but not yet paid, representing a liability for the company.
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