Examlex
A simple,automatic,inborn response to a sensory stimulus is called a(n)
Accounting Cycle
The complete set of accounting procedures from recording transactions to preparing financial statements within a specific period.
Fiscal Period
A specific time period for which a company prepares financial statements, typically a year or quarter.
Adjusted Trial Balance
A list of all accounts and their final balances after adjustments, used to prepare financial statements.
Income Summary Account
A temporary account used to accumulate all income and expense accounts before transferring the net amount to retained earnings at the end of an accounting period.
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