Examlex
List and describe the pro-forma financial statements that are prepared at the end of the budgeting process.
Ending Supplies
The value of supplies on hand at the end of an accounting period, prior to restocking or inventory adjustments.
Net Loss
The amount by which total expenses exceed total revenues for a business over a specific period, indicating a financial loss.
Unadjusted Trial Balance
A list of all accounts and their balances at a particular date before any adjusting entries are made, used to check the accuracy of debits and credits.
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