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With their two children tagging along behind them, Evan and Michelle walked through the castle gate into the main square of the Magic Kingdom at Disney World. That's when Michelle had a brief but intense déjà vu experience. "This is so strange," she said to Evan. "It's like I've experienced this moment before." What Michelle was not remembering was that she had experienced this moment before-in scenes on the Disney channel. This examples shows that a disruption in _____ is one way to explain many déjà vu experiences.
Closing Entries
Journal entries made at the end of an accounting period to transfer the balances in temporary accounts to permanent accounts, thereby preparing the company's books for the next period.
Net Income
The net income of a business once all costs, taxes, and deductions are taken from the overall revenue.
Double Rule
A method used in accounting to underline totals for certain accounts or figures, indicating a sum or conclusion.
Closing Process
The series of steps performed at the end of an accounting period to prepare the books for the next period, including updating accounts and transferring balances.
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