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The more responsive buyers are to a change in price, the
Adjusted Trial Balance
A list of all accounts and their balances after adjustments have been made for errors, accruals, and deferrals, used to verify the balance of debits and credits.
Insurance Policy
An insurance policy is a contract between an insurer and an insured, outlining the terms under which the insurer agrees to compensate the insured for specific losses.
Adjusting Entry
An accounting journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate period.
Unrelated Year-end Adjustments
Adjustments made to the financial statements at year-end that do not pertain to the normal operations of the business.
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