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The first 32-bit operating system developed by Microsoft was Windows 3.1.
Adjusting Entry
Journal entries made in accounting records at the end of an accounting period to update the accounts for accruals and deferrals.
Year-End Adjustment
Year-end adjustment consists of accounting entries made at the end of an accounting period to update balances of accounts so that financial statements can be accurately produced.
Insurance Policy
A contract between the insurer and the insured, which outlines the claims which the insurer is legally required to pay in exchange for the premium.
Net Income
The profit a company generates after deducting all costs, expenses, and taxes from its total revenue.
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