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The disadvantages of being a leader include:
Optional
Optional refers to a choice or item that is not mandatory and can be selected based on preference or requirement.
Adjusting Entries
These are journal entries made in accounting at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.
Closing Entries
Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts, preparing the books for the next period.
End-Of-Period Spreadsheet
A financial report used to compile and summarize the accounting information at the end of an accounting period, including balances for assets, liabilities, and equity.
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