Explan the working principle of computer with suitable diagram
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Companies use closing entries to reset the balances of temporary accounts − accounts that show balances over a single accounting period − to zero. By doing so, the company moves these balances into permanent accounts on the balance sheet. These statements are key to both financial modeling and accounting.
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Based on the instructions given, a computer receives data through an input unit and sends it back through an output system after it processes the data. ... Once the data is obtained, the central processing unit (CPU) takes over and processes the information it was provided along with the aid of other components.
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