Examlex
A defendant who engages in some activity intending to scare, but not harm, another person has committed negligence if the activity goes awry and the victim is injured as well as scared.
Closing Entries
Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts.
Adjusting Entries
Records entered into accounting logs at the close of an accounting period to assign earnings and expenses to the period they truly happened.
Worksheet
A document or spreadsheet used in accounting to compile data and calculations for reporting purposes.
Income Statement
A financial document summarizing a company's revenues, expenses, and profits over a specific period, showing its operational performance.
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