Examlex
When you click on some of the links in a Web site, before displaying the intended page, you see advertisements from third parties. What are these advertisements called?
Closing Entries
journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts, thereby preparing the accounts for the next period.
Capital Account
A financial statement that shows the changes in a company's equity throughout an accounting period, including contributions from and distributions to owners.
Withdrawals Account
An account used to track money taken out of a business by its owner(s) for personal use.
Income Summary
An account used in closing process to collect all revenue and expense account balances before determining net income or loss.
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