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The diaphragm divides the
Net Income
The amount of money remaining after all operating expenses, taxes, and interest have been subtracted from total revenue.
Adjusting Entries
Journal entries made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.
Liability and Asset Accounts
Accounts on a balance sheet that represent obligations to pay others (liabilities) and resources owned by a company (assets).
Financial Statements
Official accounts detailing the economic operations and condition of an enterprise, person, or any other unit.
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