Examlex
Which of the following best describes action likely to be taken by someone acting as a mediator?
Trial Balance
A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.
Adjusting Entries
Journal entries made at the end of an accounting period to allocate income and expenditure to the appropriate years.
Permanent Accounts
Accounts that carry their balances over into the next accounting period, including assets, liabilities, and equity accounts.
Trial Balance
A financial worksheet that consolidates all ledger balances into equal debit and credit column totals.
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