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What particles are the carriers of the electromagnetic force?
Post-Closing Trial Balance
A post-closing trial balance is a list of all accounts and their balances after closing entries are made, ensuring the accounts are in balance before the next accounting period begins.
Closing Entries
Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts, effectively resetting the temporary accounts for the next period.
Accounting Cycle
The collective process of recording and processing all financial transactions of a company, from when the transaction occurs, to its representation in the financial statements.
Beginning Assets
Beginning assets refer to the value of all assets owned by a company at the start of an accounting period, encompassing resources like cash, inventory, and property.
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