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The age of a cluster can be estimated by
Adjustments
At the close of an accounting period, records are adjusted to attribute revenues and expenses to the timeframe in which they truly happened.
Adjusted Trial Balance
A list of all accounts and their balances after adjustments have been made, used as the basis for preparing financial statements.
Adjusted Trial Balance
A listing of all company accounts that will appear in the financial statements after adjustments have been made for journal entries.
Drawing Account
An account used to record withdrawals of business assets by the owner for personal use, reducing the capital account.
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