Examlex
Inbreeding refers to longevity on a job or with a firm.
Account Balance
The amount of money present in an account at any given time, reflecting all transactions such as deposits, withdrawals, and interest earned.
Financial Statement
A report in written form that provides a quantitative analysis of a corporation's financial status, encompassing the balance sheet, income statement, and cash flow statement.
Temporary/Permanent
In accounting, this distinction refers to how certain accounts (temporary) close at the end of a fiscal period, while others (permanent) carry their balances forward.
Account Balance
The difference between the debits and credits recorded in an account.
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