Examlex
_____ are not based on intimate friendship.
Relate
To establish a connection or relationship between two or more things.
Balance Sheet Accounts
Balance sheet accounts are the accounts that reflect the assets, liabilities, and shareholders' equity of a company, as recorded on the balance sheet.
Income Statement Accounts
Accounts that are used to prepare the income statement, summarizing a company's revenues, expenses, and profits over a period.
Deferrals
Income or expenses that have been recorded but not yet earned or used, respectively, affecting future accounting periods.
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