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Confidence intervals get wider as we move from
End-Of-Period Spreadsheet
A financial document used at the close of an accounting period to compile all balances before preparing final statements, aiding in the adjustment process.
Accounting Records
Documents and books that capture all financial transactions of a business, serving as the basis for its financial statements.
Journal
A chronological record of all financial transactions that occur within a business.
Net Income
The amount of earnings remaining for a business after subtracting all costs and expenses from total revenues, also known as net profit.
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