Examlex
Before converting a table into 3NF, it is imperative that the table already be in .
Proper Form
Compliance with established rules and guidelines, ensuring correctness in structure or procedure.
Closing
The process at the end of an accounting period where all financial statements are finalized and all temporary accounts are closed to prepare for the next accounting period.
Post-closing Trial Balance
A list of all accounts and their balances after closing entries are made, serving as a check to ensure that debits equal credits and that the ledger is in balance for the new accounting period.
Capital
Refers to the financial assets or resources that individuals or businesses use to fund their operations and investments.
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