COMPOUND JOURNAL ENTRY Definition

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COMPOUND JOURNAL ENTRY is a journal entry that involves more than one debit or more than one credit or both.

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PERPETUITY, in finance, is an annuity payable forever.

INTANGIBLE ASSET is an asset that is not physical in nature. Examples are things like copyrights, patents, intellectual property, or goodwill. An intangible asset is the opposite of tangible asset.

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