Examlex
Match the term, labelled
Match the term, labelled a. through g., with their correct characteristic.
-area of low electrical resistance that allows an action potential to spread from one cardiac cell to surrounding cells
Accounting Adjustments
Entries made in the accounts to correct transactions, record unrecorded items, or bring accounts up to date at period end.
Financial Statements
Materials outlining a firm's financial health, incorporating its balance sheet, income statement, and cash flow statement.
Adjustment
Modifications made to account balances in order to correct financial statements or to allocate transactions correctly.
Accrual Accounting
An accounting method that recognizes revenue and expenses when they are incurred, not necessarily when cash is exchanged, enhancing the accuracy of financial statements.
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