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Organizational Behavior Knowledge

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Organizational behavior knowledge:


Definitions:

Balance Sheet

A financial statement that displays a company's financial position at a specific point in time, including assets, liabilities, and equity.

Adjusted Trial Balance

A financial statement prepared after adjusting entries are made, ensuring the total debits equal total credits.

Financial Statement Column(s)

Sections or divisions in financial statements used to separate and categorize financial data into meaningful groups for analysis, such as assets, liabilities, equity, revenue, and expenses.

Net Income

The net income of a business following the subtraction of all costs and taxes from the overall income.

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