Examlex
As a strategic asset, ________ is of the lowest importance to a firm.
Accrued Salaries
Salaries that have been earned by employees but have not yet been paid by the company.
Adjusted Trial Balance
A financial statement that lists all account balances in the general ledger after adjustments are made, ensuring credits and debits match.
Closing Entries
Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts, preparing the books for the next period.
Long-term Note Payable
A liability in the form of a written promise to pay a specified sum of money, with a maturity of more than one year from the date of issuing.
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