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Some physical properties are more useful for identifying certain minerals than others. Explain how color can be useful to identify some minerals but not others. Be sure to use mineral examples in your answer.
Post-Closing Trial Balance
A list of all the account balances of a business after closing entries for the accounting period have been made, ensuring the accounts are ready for the next period.
Financial Statements
Comprehensive reports created to communicate the financial performance, position, and cash flows of a business to external and internal stakeholders.
Adjusting Entries
Accounting records entries recorded at the conclusion of an accounting cycle to apportion revenues and expenditures to the time period they truly took place.
Adjusted Trial Balance
A financial statement listing all accounts and their balances after adjusting entries have been made, ensuring the total debits equal total credits.
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