Examlex
A family-like atmosphere in the classroom that values each students' contributions is called a ______.
Adjusting Entry
Journal entries made in accounting records at the end of an accounting period to update the accounts for accruals and deferrals.
Year-End Adjustment
Year-end adjustment consists of accounting entries made at the end of an accounting period to update balances of accounts so that financial statements can be accurately produced.
Insurance Policy
A contract between the insurer and the insured, which outlines the claims which the insurer is legally required to pay in exchange for the premium.
Net Income
The profit a company generates after deducting all costs, expenses, and taxes from its total revenue.
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