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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.
Current Assets
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.
Account Title
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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