Examlex
Which of the following is another term for extinction?
Fiscal Year
A twelve-month period used for accounting purposes and financial reporting by businesses, which may not align with the calendar year.
December 31
Commonly used in finance and accounting to signify the end of the fiscal or calendar year.
Unadjusted Trial Balance
A preliminary list of all accounts and their balances used in financial reporting before adjustments are made for accruals and deferrals.
Adjusted
Modified or changed for a more accurate or fair representation.
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