Examlex
Which of the following techniques was developed to obtain the opinion of experts without having to bring them together face to face?
U.S. GAAP
United States Generally Accepted Accounting Principles; the framework of accounting standards, rules, and procedures defined by the professional accounting industry in the United States.
Sales Revenue Approach
A method of recognizing revenue based on the sales transactions processed by a company.
Unadjusted Year End
This term refers to the financial results and statements of a company that have not gone through adjustments for various accounting entries at the end of the fiscal year.
Trial Balance
A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals to ensure a company's bookkeeping system is mathematically correct.
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