Examlex
What is the formula to value an asset?
Adjusted Trial Balance
A list of all accounts and their balances after adjustments have been made, used to prepare financial statements.
End-Of-Period Spreadsheet
A worksheet used in accounting to compile all balances from ledgers to draft trial balances, adjustments, and financial statements.
Income Statement
A financial statement that shows a company's revenues and expenses over a specific period, resulting in net profit or loss.
Current Asset
Short-term assets such as cash, inventory, and receivables that are expected to be liquidated or turned into cash within a short period, typically within a year.
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