Examlex
Which of the following is an area that represents the HRM focus as opposed to the personnel management focus that was prevalent earlier?
Adjusting Entries
Accounting records finalized at the close of an accounting period to properly assign income and expenses to the period they truly belong to.
Annual Accounting Period
A 12-month time span used by businesses for financial reporting and accounting purposes.
Chart of Accounts
A systematic listing of all ledger account names and numbers used by a company, organized by the assets, liabilities, equity, revenue, and expenses.
Closing Entry
Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts and prepare the company's books for the next period.
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