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MATCHING
Match the exploration with the person it is most closely associated with.
-Alexander Agassiz
Rent Revenue
Income earned from leasing out property or space to tenants.
Year-End Closing Process
The series of steps taken by businesses at the end of an accounting year to close out books, including reconciling accounts and preparing financial statements.
End-Of-Period Spreadsheet
A tool used in accounting to gather all the balances of ledger accounts to calculate adjustments and prepare financial statements at the end of an accounting period.
Closing Entry
A journal entry made at the end of an accounting period to transfer balances from temporary accounts to permanent accounts, essentially resetting the temporary accounts for the new period.
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