Examlex
Adjusting entries are used to update accounts at the end of an accounting period.
Jointly Exhaustive
This term refers to a set of possibilities or conditions that completely covers all potential outcomes or scenarios, leaving no option unaccounted for.
Abstract
Existing in thought or as an idea but not having a physical or concrete existence.
Concepts
Cognitive units of meaning that are abstract, generalized ideas or categories representing objects, qualities, or relations.
Referents
Objects or concepts in the world that words or phrases stand for or represent in language and thought.
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