Examlex
Imagine that you are standing on a pair of railroad tracks. As you look down at your feet, the tracks look a certain distance apart. As you lift your head and watch the tracks move away from you, they appear to get closer together until they converge at the farthest point. This bit of visual trickery is called
Statement of Cash Flows
A financial report that details the inflows and outflows of cash within an organization over a specific period.
Fees Earned
Fees earned is an accounting term that refers to revenue generated from providing services to clients or customers during a specific time period.
Prepaid Insurance
The portion of insurance premiums that have been paid in advance for future coverage, and is considered an asset on the balance sheet.
Account Group
It refers to a collection of accounts that are related in some way, often used in accounting and finance to organize financial records.
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