Examlex
A study by the American Society for Training and Development found that organizations conduct need assessment less than __________ percent of the time.
Ledger
A comprehensive collection of accounts that records all financial transactions of a business, categorized for reporting and analysis purposes.
Adjusting Entries
Journal entries made at the end of an accounting period to allocate revenue and expenses to the period in which they actually occurred.
Closing Entries
Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts and prepare the company’s books for the next period.
Financial Statements
Reports that summarize the financial performance, position, and cash flows of a business over a specific period of time, including the balance sheet, income statement, and statement of cash flows.
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