Examlex
Chemical equations need to be balanced not only in terms of the number of atoms, but also by the charge. In other words, just as there should be the same number of atoms before and after the arrow of an equation, there should be the same charge. What set of coefficients is necessary to balance the following chemical equation? ____ + ____ Cl⁻ → ____
+ ____
Accounting Cycle
The collective process of identifying, analyzing, and recording the accounting events of a company.
Post-closing Trial Balance
A trial balance prepared after closing entries are made, used to check the balance of debits and credits have been maintained throughout the period after all closing entries are completed.
Financial Statements
Comprehensively prepared records presenting the financial activities and position of a business, person, or entity.
Work Sheet
A document used by accountants to prepare adjusting entries and to draft a company's financial statements, summarizing all of the ledger account balances.
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