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The Quakers Were Instrumental in Restructuring the First Jail in America

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The Quakers were instrumental in restructuring the first jail in America (originally built in 1776 in Philadelphia) in order to introduce a humanitarian approach to housing inmates and changing their behaviour.


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Assets that are expected to be converted into cash, sold, or consumed within one year or a business’s operating cycle, whichever is longer.

Balance Sheet

is a financial statement that provides a snapshot of a company's financial position at a specific point in time, detailing assets, liabilities, and shareholders' equity.

Unadjusted Trial Balance

A trial balance prepared at the end of an accounting period before adjusting entries are made.

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The name given to an account that reflects the type of transaction it represents, used in accounting to classify and record financial transactions.

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