Examlex
A paragraph is a segment of text with the same format that begins when you press the ENTER key and ends when you press the ENTER key again.
Journal Entries
Records of financial transactions in the accounting system in the order in which they occur.
Adjusted Trial Balance
A list of all accounts and their balances after adjustments, used to verify the equality of debits and credits and prepare financial statements.
Closing Entries
Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts, preparing the company's books for the next period.
Net Sales
The sum a company receives from its sales, after accounting for returns, compensations for damaged or missing items, and discount deductions.
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