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Which of the following best describes the Pleistocene?
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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