Examlex
Peyer's patches are clusters of lymphoid tissue found primarily in the large intestine.
Corporation
A legal entity separate from its owners, with rights to own assets, incur liabilities, and sell stock, subject to corporate taxes.
Closing Entries
At the close of an accounting period, records are made to move balances from interim accounts to enduring accounts.
Accounting Cycle
The sequence of steps followed in the accounting process to track and report financial transactions, from the initial transaction to the financial statements.
Financial Statements
Formal records of the financial activities and position of a business, person, or other entity, typically including a balance sheet, income statement, and cash flow statement.
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