Examlex
The coding system that is most understandable by human information processors is:
Unadjusted Trial Balance
A report listing all the accounts and their balances before any adjusting entries are made, used to check the equality of debits and credits.
Adjusting Entries
Journal entries made at the end of an accounting period to allocate income and expenses to the period in which they actually occurred.
Close Account Year-End
The process of updating account balances and summarizing a company's financial activities to prepare for the next accounting period.
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