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Which of the following represents a physical change?
Accrued Interest
Interest that has been incurred but not yet paid, often associated with bonds and loans.
Note Payable
A financial liability representing a written promissory note to pay a specific sum of money to another entity on a specific future date or on demand.
Debit/Credit
Accounting terms where a debit increases asset or expense accounts, and decreases liability, revenue or equity accounts; a credit does the opposite.
Adjusting Entry
An accounting entry made into a journal at the end of an accounting period to allocate income and expenditure to the appropriate periods.
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