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What is the name of a severe hypersensitivity reaction?
Accumulated Depreciation
The total amount of depreciation expense that has been recorded against a fixed asset over its useful life.
Adjusting Journal Entry
A journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate years.
Accrual
An accounting principle that recognizes revenues and expenses when they are incurred, regardless of when cash transactions occur.
Adjusting Journal Entries
Entries made at the end of an accounting period to update balances of revenues and expenses to reflect the correct amounts earned or incurred during a period.
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