Examlex
An approach in which scientists make observations about the natural world, develop tentative explanations about what they observe, and then test those explanations by collecting more information is referred to as ____.
Adjusting Entries
Journal entries made at the end of an accounting period to allocate income and expenses to the period in which they actually occurred.
Close Account Year-End
The process of updating account balances and summarizing a company's financial activities to prepare for the next accounting period.
Interest Revenue
Income earned from lending funds or through investing in interest-bearing financial instruments.
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