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The northern hemisphere's shortest day of the year is at the autumnal equinox.
Account Balances
The total amount of money in an account at a certain point in time, which can represent assets or liabilities depending on the account type.
Temporary Accounts
Accounts that are cleared out at the end of each accounting period, including revenues, expenses, and dividends accounts.
Permanent Accounts
Balance sheet accounts that carry their ending balances into the next accounting period, including assets, liabilities, and equity accounts.
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