Examlex
In Excel, what does the formula "=MAX(B25:D25) " do?
Adjusted Trial Balance
A statement that lists all accounts and their balances after adjusting entries are made, used to prepare financial statements.
Unadjusted Trial Balance
A preliminary report listing all the accounts and their balances from the general ledger before any adjusting entries are made to prepare financial statements.
Contra Asset Account
An account on a company's balance sheet that reduces the total amount of the company's asset accounts.
Fixed Asset Accounts
Accounts used in accounting to track the purchase, depreciation, and disposal of fixed assets, which are long-term tangible assets.
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