Examlex
A caste system is a closed system of stratification in which social position is determined by the family into which the person is born.
Indefinite Life
Indefinite life refers to the characteristic of an intangible asset that does not have a foreseeable limit to the period over which it is expected to generate economic benefits for its owner.
Consolidated Balance Sheet
A financial statement showing the aggregated financial position of a parent company and its subsidiaries.
Buildings
Buildings refer to structures that are permanently constructed or erected on land, serving as places for residence, business, or other purposes.
Trial Balance
A bookkeeping report that lists the balances of all ledgers in two columns, debits and credits, to verify the arithmetic accuracy of the entries.
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