The ______________________ Is an Independent Industry Consortium That Develops Common

question 15

Short Answer

The ______________________ is an independent industry consortium that develops common protocols and sets new Web standards to promote WWW evolution and ensure interoperability among products and platforms.

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Definitions:

Adjustments

Changes made to accounts to record actual events that have occurred but haven't yet been recorded by the end of the accounting period.

Income Statement

A financial document that shows a company's revenues, expenses, and net income over a certain period of time.

Adjusted Trial Balance

A list of all the accounts of a company, showing the balance of each after adjustments have been made for journal entries, typically used in the preparation of financial statements.

Debit Column Total

Represents the total sum of all debit entries within a specific period in accounting, which are recorded on the left-hand side of the ledger.