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To be effective in structuring the interviewer needs to know the relationship and action objectives of the interviewing process.
Closing Entries
Accounting journal entries made at the end of an accounting period to transfer temporary accounts to permanent accounts.
Adjusted Trial Balance
A trial balance prepared after adjusting entries are made and posted to the ledger, reflecting the company's financial position more accurately.
Owner's Capital
The total equity claimed by the owner of a sole proprietorship or partnership, reflecting the residual assets of the business after liabilities.
Income Summary
An account in which the revenues and expenses are transferred at the end of an accounting period to determine the net income or loss.
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