Examlex
How many pins are used in a parallel port, also known as an LPT port?
Financial Reporting
The process of producing statements that disclose an organization's financial status to management, investors, and regulators.
Transactions
The act of conducting business such as buying, selling, or exchanging goods, services, or financial instruments, recorded in the financial records of an entity.
Financial Position
A snapshot of a company's assets, liabilities, and equity at a specific point in time, providing insight into its economic state and stability.
Accounting Equation
The fundamental principle of double-entry bookkeeping showing that assets are financed by liabilities and shareholders' equity, expressed as Assets = Liabilities + Equity.
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