Examlex
Which one of the following is not one of the benefits of delegation?
Adjusted Trial Balance
A list of all the accounts and their balances after adjusting entries have been made, used to prepare financial statements.
Closing Entries
Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent ones, thereby preparing the temporary accounts for the next accounting period.
Journalize
The act of recording transactions in a company's journal, which is the first step in the accounting cycle.
End-of-Period Spreadsheets
Financial spreadsheets compiled at the end of an accounting period to summarize the financial status and operations of a business.
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