Examlex
Byte,Long Integer,Single,and Double are examples of entries for which property?
Financial Statements
Reports that provide an overview of a company's financial condition, including the balance sheet, income statement, and cash flow statement.
Real Accounts
Also known as permanent accounts, these include assets, liabilities, and equity accounts which are not closed at the end of the accounting period and their balances are carried forward.
Owner's Capital
The total value of all assets contributed by the owner to a business minus any withdrawals, representing the owner's equity in the company.
Accumulated Depreciation
The total amount of depreciation expense that has been recorded against the cost of a fixed asset, reducing its book value over time.
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