Examlex
While examining her data set Dr. Real found many data points that did not fit her predetermined codes. So she generated new codes as she examined the data based on what she was observing in the data. These new codes are called a priori codes.
Permanent Account
A balance sheet account that carries its ending balance over to the next accounting period, such as assets, liabilities, and equity accounts.
Accounting Cycle
The process of recording and processing all financial transactions of a company, from the time the transaction occurs, to its representation on financial statements.
Adjusted Trial Balance
A list of all the accounts and their balances after adjusting entries are made, used to prepare financial statements.
Adjustment Columns
Columns in financial statements or ledgers used to make necessary adjustments for accrual accounting, such as for accrued expenses or revenues.
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