Examlex
Surgical technologists are not required to be proficient in endoscopic genitourinary procedures, only open cases because there are cystoscopy specialists who will do them.
Normal Balance
The side (debit or credit) on which increases to the account are recorded, based on the type of account (asset, liability, equity, revenue, expense).
Financial Statement
A written report that quantitatively describes the financial health of a company, including balance sheets, income statements, and cash flow statements.
Permanent/Temporary
Classification of accounts where permanent accounts are balance sheet items carrying over to the next financial period, while temporary accounts are income statement items closed at the end of the period.
Normal Balance
The side (debit or credit) of an account that is expected to have a higher balance, reflecting its nature in accounting equations.
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