Examlex
________ cost is the cost that continues even if no units are produced.
Adjusting Entry
An accounting journal entry made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.
Accumulated Depreciation
The total depreciation of a fixed asset accumulated up to a specified time.
Depreciation Expense
The allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value over time.
Unadjusted Trial Balance
A financial report that lists all accounts and their balances before adjustments, used to ensure debits equal credits.
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