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Internal waves are faster and have shorter periods than most wind waves.
Normal Balance
Refers to the debit or credit balance that is expected on a specific type of account based on its accounting rule.
Contra Asset
An asset account where the account balance is a negative amount that reduces the total value of assets on the balance sheet.
Accrued Expenses
Expenses that have been incurred but not yet paid or recorded, representing liabilities for a business.
Liabilities
Liabilities represent financial obligations or debts that a company owes to external parties, such as loans and accounts payable.
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