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One of the reforms instituted by Mikhail Gorbachev was to
Account Balances
The amounts of money held in financial accounts, calculated as the funds deposited minus funds withdrawn, plus any interest or capital gains.
Prepaid Account
An account reflecting payments made in advance for goods or services, which are recognized as expenses when the goods or services are actually consumed.
Accounts Payable
Short-term liabilities representing amounts owed to suppliers or creditors for goods and services received but not yet paid for.
Trial Balance
A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account columns to check the accuracy of the entries.
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