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Accounts That Are Used to Describe Assets,liabilities,and Equity,that Are Not

question 107

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Accounts that are used to describe assets,liabilities,and equity,that are not closed as long as the company continues to own the assets,owe the liabilities,or have equity,and whose balances appear on the balance sheet are called:

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Definitions:

Disengagement

The process of detaching or withdrawing from involvement in a particular activity, situation, or group.

Positive Feedback

Encouraging comments or actions that affirm someone's behavior or performance, often motivating continued or improved effort.

Negative Feedback

A type of constructive criticism that points out what was done wrong or what needs improvement, which can be essential for progress.

Decreasing Rigid Structures

The act of making systems, processes, or organizations more flexible, adaptable, and less strictly controlled.

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