Examlex
The ability of a child to feel what another feels,or would be expected to feel,in a particular situation is called
Deficit
Amount by which net income falls short of salary and interest allowance. Also an abnormal, or debit, balance in a partner’s capital account.
Post-closing Account Balances
The financial position of accounts after all adjustments, including closing entries, have been made at the end of an accounting period.
Non-cash Assets
Items of value that a company owns but cannot be easily converted to cash, such as real estate, equipment, and patents.
Liabilities
Future sacrifices of economic benefits that an entity is obliged to make to other entities due to past transactions or other past events.
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