Examlex
Recessions that follow a banking crisis are typically short, compared to those that result from supply shocks.
Balance Sheet Account Balances
The values at a specific point in time for assets, liabilities, and equity accounts as represented in a company's balance sheet.
Accounting Period
A specific time frame for which financial information is reported, commonly a year, quarter, or month.
Equality
A principle in accounting that refers to the balance between total debits and total credits in a double-entry bookkeeping system.
Post-Closing Trial Balance
A list of all active general ledger accounts and their balances after closing entries have been posted, used to check the accuracy of closing procedures.
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