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In the vicious cycle of discrimination,
Adjusting Journal Entry
a bookkeeping entry made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.
Net Income
The remaining income of a company once all taxes and costs are deducted from its total revenue.
Depreciation Expense
The systematic allocation of the cost of a tangible asset over its useful life, representing the wear and tear, or obsolescence of the asset.
Adjusted Trial Balance
A list of all accounts and their balances after adjustments are made for expenses and revenues at the end of an accounting period.
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