Examlex
________ is the process of introducing a new employee to his/her job and the organization.
Income Statement
A financial statement that reports a company's financial performance over a specific accounting period, detailing revenues and expenses to show net profit or loss.
Balance Sheet
A financial report summarizing a firm's financial status at a particular moment, detailing its assets, debts, and owners' equity.
Ledger
A comprehensive collection of a company's financial transactions, organized by account, used in the double-entry bookkeeping system.
Closing Entries
At the close of an accounting period, transactions are documented to move balances from temporary to permanent accounts.
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