Examlex
What permits adults to use their memory and crystallized intelligence more effectively?
Ledger Accounts
Detailed financial records maintained within the ledger, tracking transactions related to specific assets, liabilities, equity, income, and expenses.
Dividends Account
An account that records the dividends declared by a corporation to be distributed to its shareholders.
Net Income
The total profit of a company after all expenses, including taxes, have been deducted from revenues.
Closing Entries
These are journal entries made at the end of an accounting period to transfer temporary accounts to permanent accounts, hence preparing the books for the next period.
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