Examlex
When scientists use the scientific method,they use terms to indicate their degree of certainty.Which of the following terms conveys the least degree of certainty?
Financial Statements
These are formal records that detail a company's financial activities and condition, typically including the balance sheet, income statement, and cash flow statement.
Adjustments
Modifications made to financial records or statements to correct errors, account for accruals, or align with accounting principles.
Adjusting Entries
Entries made in accounting at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.
Post-Closing Trial Balance
A listing of all company accounts that remain after closing entries are made, used to check the accuracy of closing procedures and the balance of permanent accounts.
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