Examlex
Relative dating uses ________ to estimate how old a fossil is.
Financial Statements
Formal records of the financial activities and position of a business, including the balance sheet, income statement, and cash flow statement.
Accounting System
A structured process of collecting, recording, summarizing, and reporting financial transactions of a business or individual.
Accrual Basis of Accounting
An accounting method where income and expenses are recorded when they are earned or incurred, regardless of when the cash transactions occur.
Cash Basis
An accounting method where revenue is recorded when cash is received, and expenses are recorded when cash is paid out.
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