Examlex
A baby's emotional needs for love and trust are every bit as important as obvious needs for food, water, and physical care. These emotional needs of the infant are known as __________ needs.
Net Income
Net income of the company, which is what remains after deducting taxes, expenses, and other costs from its total revenue.
Period
In finance and business, a period refers to a specific duration of time considered for accounting, reporting, or evaluation purposes.
Accounts
A record within an accounting system that keeps track of financial transactions of a specific type, such as assets, liabilities, revenue, expenses, and equity.
Closing Entries
Adjustments made at the end of an accounting period to transfer balances from temporary to permanent accounts to prepare the books for the next period.
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