Examlex
Identify and state the historical significance of the following:
-Ida Tarbell
Adjusted Trial Balance
A list of all the accounts and their balances after adjustments are made for revenues and expenses, used to prepare financial statements.
Financial Statement Column
A column in a financial statement that categorizes financial data, such as assets, liabilities, revenues, or expenses, to help analyze financial health.
Closing Entries
Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts and prepare the accounts for the next period.
Owner's Equity Statement
A financial statement that shows the changes in the equity of a company's owner(s) over a period of time.
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