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More than one person can be entering, updating, and using an Access database at the same time.
Adjusted Trial Balance
The Adjusted Trial Balance is a list of all accounts and their balances after adjustments have been made for entries like accruals and deferrals, ensuring the accuracy of financial statements.
Post-Closing
Post-closing refers to the period after the closing entries are made in the accounting cycle, aimed at preparing the accounts for the next period by resetting revenue and expense accounts to zero.
Unadjusted
Pertaining to figures or balances not yet modified for errors, changes, or specific adjustments required for accurate reporting.
Adjusted
Modified or changed to reflect more accurate or specific conditions or values.
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