Examlex
What is a wiki and how can a company use a wiki to assist salespeople?
Reversing Entries
An accounting method used to reverse journal entries, typically at the beginning of a new accounting period, to cancel adjustments made in the previous period.
Revenue Accounts
Accounts that track the income generated by a company from its normal business operations or other activities.
Closing Entries
Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts.
Prepaid Insurance
An asset account that represents the amount of insurance premium payments made in advance for coverage extending beyond the current accounting period.
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