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Felix was so preoccupied with his girlfriend's good looks that he failed to perceive any of her less admirable characteristics.This best illustrates an unfortunate consequence of
Assets
Resources owned or controlled by a business or individual, which are expected to provide future economic benefits.
Expenses
Costs incurred in the operation of a business; these are necessary for the company to generate revenues.
Financial Reports
Documents that provide an overview of a company's financial condition, including balance sheets, income statements, and cash flow statements, among others.
Trial Balance
A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal indicating that the ledger accounts are properly balanced.
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