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During the normal cardiac cycle,there is never a time when both the atria and ventricles are relaxed.
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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