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BrightenUp Corp. uses a set of quantitative tools to assess employee data such as performance, compensation, designations, and benefits. This is done to arrive at decisions based on accurate findings from analyses that can help the firm achieve its goals. BrightenUp is engaging in the practice of
Trial Balance
A bookkeeping report that lists the balances of all ledgers in two columns, debits and credits, to verify that total debits equal total credits.
Note Receivable
A written promise to pay a specified amount of money, along with interest, by a certain date, recognized as an asset on the balance sheet.
Fiscal Year
A one-year period that companies and governments use for accounting purposes and preparation of financial statements, which may or may not align with the calendar year.
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