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When the feelings of the client are not fully understandable and seem confused,
Owner's Equity Statement
A financial statement that shows the changes in the equity of a company's owner(s) over a period of time.
Net Income
The amount of money that remains after all operating expenses, taxes, and interest have been deducted from total revenue.
Adjusted Trial Balance
A statement that lists all accounts and their balances after adjustments have been made, serving as the basis for preparing financial statements.
Financial Statement Column
A component of financial statements where numeric information is arranged vertically for purposes of analysis, reporting, and decision-making.
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