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Describe the proactive personality and how it influences a person's work.
Temporary Account
An account used to accumulate transaction information during a single accounting period, which is then transferred to permanent accounts.
Withdrawals
Amounts of money taken out from a business by the owner(s) for personal use, not considered a business expense.
Fees Earned
Revenue generated from services provided or work completed during a specific period.
Adjusted Trial Balance
A final tally of all financial accounts, after adjustments, used to prepare financial statements, ensuring the total debits equal total credits.
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