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Hiring,promotion,and transfer decisions are included in the process of forming the employment relationship.
Income Statement
A financial statement that shows a company's revenues, expenses, and profits or losses over a specific period of time.
Trial Balance
A report that lists the balances of all general ledger accounts at a certain date, used to verify that the total of all debit balances equals the total of all credit balances.
Journalizing Transactions
The process of recording financial transactions in a company's accounting records, or journals, in chronological order.
Balance Sheet
A statement that outlines an enterprise's assets, liabilities, and the equity held by shareholders, pinpointed to a specific time frame.
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