Examlex
The congruence model is a systems model comprised of
Statement of Stockholders' Equity
A financial statement that outlines the changes in the equity section of the balance sheet during a specific period, including investments by and distributions to shareholders.
End-of-period Spreadsheet
A reporting tool used in accounting to compile all balances from ledgers, facilitating the preparation of financial statements.
Trial Balance
A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account columns to ensure accuracy in the financial statements.
Closing Entries
Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts.
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