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Trichromatic theory states that in the eye, there are three kinds of
Net Income
The amount of profit left after all expenses, taxes, and costs have been subtracted from total revenue.
Retained Earnings
The portion of a company's profits not distributed to shareholders as dividends but retained by the company for reinvestment or to pay off debt.
Adjusted Trial Balance
A trial balance that reflects all adjustments made to the general ledger accounts, ensuring the debits equal the credits prior to preparing financial statements.
Balance Sheet Columns
Sections within the balance sheet that categorize assets, liabilities, and equity accounts to display a company's financial position at a specific point in time.
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