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One cause of burnout is that people feel less secure in their jobs today than they did in the past, and this may lead to them neglecting their own needs in order to support the organization.
Income Summary
An account used in the closing process that summarizes the revenues and expenses for a specific accounting period, facilitating the calculation of net income or loss.
Post-Closing Trial Balance
A trial balance prepared after closing entries are made, showing the balances of ledgers that remain for the start of the next period.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded against an asset since its purchase.
Depreciation Expense
Methodically dispersing the cost of a physical asset over its serviceable lifetime.
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