Examlex
What was one of the main goals of the 1992 Maastricht Treaty?
Net Loss
The amount by which expenses exceed revenues.
Adjustments
These are entries made in accounting to record expenses that have occurred but are not accurately represented in the financial statements at the end of the accounting period.
Journal
A detailed record where all financial transactions of a business are initially recorded before being summarized in the ledger.
Ledger
A ledger is a comprehensive collection of accounts used in accounting to record and summarize all financial transactions.
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