Examlex
The _____ principle states that no two electrons in an atom can have the same set of four quantum numbers.
Permanent Accounts
Accounts that carry their ending balances over to the next accounting period. Examples include assets, liabilities, and equity accounts.
Post-closing Trial Balance
A listing of all active general ledger accounts with their balances after closing entries are made, serving as a check to ensure debits equal credits before beginning a new accounting period.
Income Statement
A report that outlines a company's financial results for a certain period, including income and expenditures, to reveal a net gain or deficit.
Balance Sheet
A report detailing a corporation's assets, liabilities, and the equity of its shareholders at a particular moment.
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