Examlex
Describe the three audio file formats currently supported by the browsers that support HTML5.
Accounting Cycle
The process of recording, classifying, summarizing, and reporting a company's financial transactions through the accounting period.
Journalize
The process of recording transactions in a journal, marking the first step in the accounting cycle.
Post-Closing Trial Balance
Prepared as an additional step in the accounting cycle to check that debits equal credits and all temporary accounts have been closed (have zero balances).
Insurance Policy
A contract between an insurer and a policyholder that specifies the terms and conditions under which the insurer will compensate the policyholder for loss.
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