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Developing an approach to counseling is an ongoing and fluid process.Counselors in training tend to be drawn to a particular theory initially but modify it as they gain experience.Ultimately,your counseling orientation and style must:
Net Income
Represents the total profit of a company after all expenses, including taxes and operating costs, have been subtracted from total revenue.
Closing Entries
Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts, closing out the revenue and expense accounts.
Post-closing Trial Balance
A financial statement prepared after all adjusting and closing entries are made, ensuring the total debits equal total credits.
Ledger Accounts
Individual financial records within the general ledger, detailing transactions related to a specific account category.
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