Examlex
The moral and professional standards that guide research decisions are known as
Correcting Entries
Journal entries made to correct errors found in the financial statements.
Adjusting Entries
Journal entries made in accounting to record revenues earned and expenses incurred that are not yet recorded through standard accounting transactions.
Closing Entries
Entries recorded at the accounting period's close to shift balances from temporary to permanent accounts.
Book Value
The net value of an asset or company, calculated as total assets minus total liabilities and intangible assets such as goodwill.
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