Examlex
Which of the following values is among the six most commonly found in professional codes of ethics?
Normal Balance
The standard side (debit or credit) on which increases to an account are recorded.
Financial Statement
Reports that summarize the financial condition and operations of a business.
Permanent/Temporary
Conceptual labels for different types of accounts in accounting, with permanent accounts being those that carry their balances into the next accounting period and temporary accounts being closed at the end of each period.
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