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Which of the points or is closer to the point ?
Loss Accounts
Financial accounts within a company's books that represent expenses exceeding incomes, leading to a net loss.
Year-End
The end of an accounting period, typically culminating in the closing of books and preparation of financial statements.
Deferral
An accounting principle where revenue or expenses are recognized at a later date than when they were initially incurred.
Nominal Accounts
Accounts that are closed at the end of every accounting period, which include revenues, expenses, gains, and losses.
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