Examlex
What desert feature is shown in this photograph?
Recorded
The act of documenting financial transactions in the accounting records or ledgers of a company.
Adjusted Trial Balance
A financial statement that lists all accounts of a company and their balances after adjustments have been made.
Adjusting Entries
Journal entries made in accounting to update the records for revenues and expenses that have accrued but not yet been recorded through standard accounting transactions.
Prepaid Expenses
Costs paid in advance of their use, such as insurance or rent, which are recorded as assets on a balance sheet until they are actually incurred.
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