Examlex
A(n) ________ is an individual who identifies,evaluates,and exploits opportunities.
Normal Balance
The side of an account (debit or credit) that is expected to increase; for assets and expenses, it’s debit; for liabilities, equity, and revenue, it's credit.
Financial Statement
A financial statement is a formal record of the financial activities and position of a business, person, or other entity.
Permanent/Temporary
Categories representing either enduring, long-term attributes or conditions, or those that are short-lived and transient.
Post-closing Trial Balance
A list of all accounts and their balances after closing entries have been made, ensuring that debits equal credits.
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